32.7 C
Vientiane
Saturday, May 17, 2025
spot_img
Home Blog Page 2436

Nagarro SE: Nagarro prepares for metaverse with RipeConcepts

MUNICH, GERMANY – EQS Newswire – 24 January 2022 – Nagarro, a global leader in digital engineering, has reached an agreement with the shareholders of RipeConcepts, a leader in global digital creative services, to bring the companies together.

Headquartered in Salt Lake City, USA, with the majority of its employees in Cebu, Philippines, RipeConcepts positions itself as “digital lightning in a bottle” and delivers high quality, multi-channel creative content at scale. The company especially excels in the creative digital disciplines of design, illustration, 3D modelling, animation and marketing. Its clients include Fortune 500 companies as well as Silicon Valley unicorns. It has over 650 full-time employees and 2021 revenues in the region of 10 million Euro. The company has won several design awards.

For Nagarro, the transaction strengthens its design and creative capabilities. These enhanced capabilities could be deployed to improve existing offerings but also to develop new offerings related to a vision of a “metaverse” future. In addition, the transaction provides Nagarro access to the highly educated workforce in the Philippines.

Paul Lyon, founder/CEO at RipeConcepts, and an award-winning entrepreneur, states: “We at RipeConcepts consider ourselves a unique boutique and, like Nagarro, love to solve problems for our Fortune 500 and unicorn clients. After 30 years of successful entrepreneurship and multiple M&A processes, I can say that it’s rare to meet a more ‘authentic’ group of forward-thinking global entrepreneurs than the folks at Nagarro, especially given their corporate design and culture to match. We couldn’t be more thrilled to be partnering with a like-minded team of savvy world-class digital engineers. I am excited about our future together.”

Manas Fuloria, co-founder at Nagarro, states: “Some things are meant to happen! We were lucky to be introduced to RipeConcepts and Paul by a valued client some years ago, and we stayed in touch. Paul’s entrepreneurial vision and entrepreneurial (delete) energy coupled with the execution ability of his colleagues, especially that of President and COO Miles Nepomuceno, have resulted in a truly impressive business. This is a deliberate, strategic acquisition for Nagarro given the direction in which consumer technology is heading. We believe that by putting together our traditional capabilities with those of our friends at RipeConcepts, we will be able to conjure up exciting new possibilities for our clients around the world.”

About Nagarro:  

Nagarro, a global digital engineering leader, helps clients become innovative, digital-first companies and thus win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its approach of thinking breakthroughs. Nagarro employs over 12,000 people in 27 countries.   

For more information, visit www.nagarro.com
FRA: NA9 (SDAX/TECDAX, ISIN DE000A3H2200, WKN A3H220)  
#Nagarro

About RipeConcepts: 

RipeConcepts is a fast-growing company recognized for world-class services in graphic design, 3D modelling, animation, web development, digital marketing, and more! Their clients range from Fortune 500 companies, award-winning agencies, tech firms, retail shops, to small and medium businesses around the world. The company in based out of Salt Lake City, US and has established state-of-the-art creative hubs in the central business districts of Cebu City, Philippines with over 650 employees.
For more information, visit: www.ripeconcepts.com

STEINHOFF INTERNATIONAL HOLDINGS N.V. – Global Settlement Update

STELLENBOSCH, SOUTH AFRICA – EQS Newswire – 24 January 2022 – Steinhoff International Holdings N.V. (“SIHNV” or the “Company“, together with its subsidiaries, “Steinhoff” or the “Steinhoff Group“) and the former South African holding company of the Steinhoff Group, Steinhoff International Holdings Proprietary Limited (“SIHPL“), provide the following update on Steinhoff’s settlement of pending litigation proceedings (“Global Settlement“).

SIHPL Sanction Order

SIHPL’s application for the approval and sanction of its section 155 proposal (“s155 Proposal“) was heard today, 24 January 2022 by the Western Cape High Court. At the close of the hearing the Court granted SIHPL’s request and granted an Order approving and sanctioning the s155 Proposal. A copy of the Order will be made available on SIHNV’s website (www.steinhoffinternational.com) and on www.SteinhoffSettlement.com.

Update on Settlement Implementation

Following receipt of the Order, “Settlement Effective Date” (referred to under the s155 Proposal and SIHNV’s Composition Plan) is expected to occur on or about 15 February 2022.

The implementation of the Global Settlement requires numerous steps to be taken and payments to be made on and around the Settlement Effective Date.

SIHNV and SIHPL have undertaken preparations for the co-ordination of the steps required and will separately contact those counterparties who need to take any action (for example, to receive funds and/or PPH shares).

No actions are currently required by any party prior to the Settlement Effective Date unless specifically requested by Steinhoff and/or its advisers.

As disclosed in Steinhoff’s announcement of 15 December 2021, formal withdrawal of the various litigation that has been settled, including the withdrawal of the Liquidation Application against SIHNV will occur immediately following Settlement Effective Date. Occurrence of Settlement Effective Date is the remaining condition under SIHNV’s Composition Plan.


Further Information

Further updates will be provided as and when appropriate.

Claimants are able to review additional information in relation to the Steinhoff Group global settlement on the following website: www.SteinhoffSettlement.com.

The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited.

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

Hang Lung Properties Commits to Setting Science-Based Targets to Reach Net-Zero Emissions by 2050

HONG KONG SAR – Media OutReach – 24 January 2022 – Hang Lung Properties (Stock Code: 00101) (the “Company” or Hang Lung) is pleased to announce that the Company is among the first real estate companies in Asia to have committed to setting both near-term and long-term targets to reach net-zero value chain greenhouse gas (GHG) emissions by no later than 2050. The targets will be in alignment with the Science Based Targets initiative’s (“SBTi”) Net-Zero Standard.

Launched in October 2021, SBTi’s Net-Zero Standard is the world’s first framework for corporate net-zero target setting in line with climate science. It includes the guidance, criteria, and recommendations companies need to set science-based net-zero targets consistent with limiting global temperature rise to 1.5°C. The Net-Zero Standard provides a common, robust, and science-based understanding of net-zero. It gives business leaders clarity and confidence that their near- and long-term targets are aligned with climate science, helping to ensure a habitable planet for all.

In committing to set a net-zero target through the SBTi, Hang Lung is also joining the Business Ambition for 1.5°C campaign (a global coalition) and the United Nations-led Race To Zero campaign.

 

Mr. Adriel Chan, Vice Chair of Hang Lung Properties, who also chairs the Company’s Sustainability Steering Committee, said “Climate resilience is a sustainability priority. Committing to SBTi’s Net-Zero Standard accelerates decarbonization efforts across all aspects of our business, and supports both national and corporate plans for net-zero carbon emissions in both Hong Kong and mainland China.”

 

As an industry leader with a strong commitment to sustainability, Hang Lung received a 4-Star performance rating and an A grade disclosure rating under GRESB, an MSCI ESG Rating of A and was included as a constituent of the FTSE4Good Index Series in 2021. The Company has been listed as an Index Component of the Dow Jones Sustainability Indices in the Asia Pacific Index since 2017, and was selected as a constituent of the Hang Seng Corporate Sustainability Index and the Hang Seng (Mainland and Hong Kong) Corporate Sustainability Index with an “AA” rating. It also received and a low ESG risk rating by Sustainalytics since July 2020.

About Hang Lung Properties

Hang Lung Properties Limited (stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is recognized for leading the way in enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.

At Hang Lung Properties – We Do It Well.

 

For more information, please visit www.hanglung.com.

 

#HangLungProperties

Hong Kong Rejoins Global Top Ten Data Center Markets, Ranked Second in Asia Pacific

  • Hong Kong is in sixth position in 2022 data center global rankings
  • Shanghai retains fourth-placed ranking for total market size

HONG KONG SAR – Media OutReach – 24 January 2022 – Asia Pacific’s data center market continues to grow at a relentless pace and is set to become the world’s largest data center region over the next decade. According to Cushman & Wakefield’s latest 2022 Data Center Global Market Comparison report, Hong Kong, Singapore and Sydney are ranked among the top 10 data center markets in the world.

Construction totals continue to grow globally, with 4.1 gigawatts (GW) currently underway in the markets covered, up from 2.9 GW in the previous study and 1.6 GW in the year before that. The largest clients continue to require larger builds, with 100 megawatt campuses becoming increasingly common.

Ranked outside the overall top 10 markets last year, Hong Kong makes a big jump in 2022, coming in at sixth place globally and second in Asia-Pacific. John Siu, Managing Director, Hong Kong at Cushman & Wakefield said: “Hong Kong offers a robust development pipeline, excellent networks and all major cloud services are available. The city also retains its crown as the globally lowest taxed data center jurisdiction. As a global financial and business capital, with a long history of pro-business policies it accordingly offers a robust data center sector.”

Mr. Siu added, “Strong demand from data center investors and operators have triggered high volume of transactions in 2021. For example, Mapletree acquired an industrial site via a government tender for a ground-up data center development, totaling circa 217,000 sf; ESR bought an industrial building (circa 294,000 sf) for a wholesale data center conversion; whereas GDS also purchased an industrial building for a data center redevelopment (circa 277,000 sf). In the next 5-year horizon, the city’s total new supply will amount to 5.5 million sf. That said, the supply pipeline in the medium to long term will be constrained by shortage of land and power supply in the popular data center submarkets, such as Tsuen Wan and Kwai Chung. To support the city’s development as a world-class data center market, it is therefore crucial for the government and power suppliers to break the bottleneck and increase land supply and power capacity into these submarkets.”

 

Shanghai retains its position as the world’s fourth largest data center market by total market size, with market capability of more than 0.6 gigawatts surpassed only by Northern Virginia, London and Tokyo. Beijing was ranked 13th for the same indicator.

 

Further growth in Asia Pacific is expected throughout at least the next five to 10 years, as the region requires entirely new builds due to a lack of existing infrastructure for retrofit. Globally, regions across Latin America and Africa are also expected to enjoy considerable growth in coming years, as new undersea cables are bringing faster access to many markets for the first time. Secondary markets across the world continue to grow, with many soon to reach current primary market size.

2022 Global Data Center Overall Rankings

2022 Global Data Center Market Size Rankings

1 – Northern Virginia

1 – Northern Virginia

2 – Silicon Valley (tie)

2 – London

2 – Singapore (tie)

3 – Tokyo

4 – Chicago (tie)

4 – Shanghai

4 – Atlanta (tie)

5 – Singapore

6 – Hong Kong

6 – Silicon Valley

7 – Phoenix

7 – Frankfurt

8 – Sydney

8 – Dallas

9 – Dallas

9 – Chicago

10 – Seattle (tie)

10 – Hong Kong

10 – Portland (tie)

 

Source: Cushman & Wakefield

“The horizon for the data center industry across the Asia Pacific region is exceptionally bright, thanks to deep hyperscale demand and the billions of dollars in development in progress to support these key tenants,” said Kevin Imboden, Cushman & Wakefield’s Director of Research for the Data Center Advisory Group. “The 1.3 gigawatts under construction in the APAC markets reviewed is a small fraction of what is in planning regionally, with much action and growth coming over the next decade.”

About the report

The Data Center Global Market Comparison is an annual report that assesses data center markets across the globe within 13 different categories to determine the top overall markets as well as the top performers in each of the 13 categories. For 2022, this report has been expanded to 55 global markets, including 1,333 data centers leading to the global top 10 markets. Click here to download the 2022 Data Center Global Market Comparison report.

About Cushman & Wakefield

Cushman & Wakefield is a leading global advisory services firm that delivers exceptional value for real estate occupiers and owners, with approximately 50,000 employees in over 400 offices and 60 countries. In Greater China, a network of 22 offices serves local markets across the region, earning recognition and winning multiple awards for industry-leading performance. The firm had global revenues of US$7.8 billion in 2020 across core services including valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. To learn more, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china).

#Cushman&Wakefield

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

Spackman Media Group Artist Lee Cho-Hee Set To Star In Upcoming Korean Tv Drama, PRESIDENT JEONG YAK-YONG, Slated To Be Released In February 2022

  • Represented by MSteam, a wholly-owned subsidiary of Spackman Media Group, Lee Cho-hee of MSteam is set to star in new Korean TV drama, PRESIDENT JEONG YAK-YONG , alongside Kang Young-seok and Kim Seung-woo
  • Directed by Lee Hong-seok, the historical drama PRESIDENT JEONG YAK-YONG is a one act play based on the novel of the same name and scheduled to be released simultaneously online and offline in February 2022

SINGAPORE – Media OutReach – 24 January 2022  Spackman Entertainment Group Limited (the “Group“), one of Korea’s leading entertainment production groups, wishes to announce that Lee Cho-hee of MSteam Entertainment Co., Ltd. (“MSteam“), a wholly-owned subsidiary of the Group’s associated company, Spackman Media Group Limited (“Spackman Media Group“), is set to star in upcoming Korean TV drama,   PRESIDENT JEONG YAK-YONG.


Directed by Lee Hong-seok, the historical drama PRESIDENT JEONG YAK-YONG is a one act play based on the novel of the same name and scheduled to be released simultaneously online and offline in February 2022. It relates a time-slip story which takes Jeong Yak-yong, known as Dasan, one of the greatest thinkers in the later Joseon period, from the past in 1818 to the present in 2022, as he becomes elected as the 20th president of the Republic of Korea. Jeong Yak-yong was a Korean agronomist, philosopher, and poet. During his time, he wrote highly influential books about philosophy, science and theories of government and held significant administrative positions.

Lee Cho-hee  is confirmed to play the role of Hong Hee-ae, the assistant of president Jeong Yak-yong, and Kang Young-seok as the role of a fan of president Jeong Yak-yong. Kim Seung-woo shall play the role of president Jeong Yak-yong.

Previously, Lee Cho-hee headlined in SBS variety show BEAUTY AND THE BEAST (2021) and featured in Korean drama ONCE AGAIN (2020). She was an ambassador in the 2013 Sangsang Madang Cinema Music Film Festival.

Other than Lee Cho-hee , MSteam also represents internationally recognized actor Wi Ha-jun of SQUID GAME, iconic Korean actress Son Ye-jin of hit romance drama CRASH LANDING ON YOU (2020), and top actress Lee Min-jung, who won the Top Excellence Award at the 2020 APAN Star Awards.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited (“SEGL” or the “Company“), and together with its subsidiaries, (the “Group“), is one of Korea’s leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea.

The Company was founded in 2011 by media and technology investor Charles Spackman who served as the Company’s Executive Chairman until 2017. For the past two decades, Mr. Charles Spackman has been a powerhouse in the Korean entertainment industry starting in the early 2000’s with the pioneering success of Sidus Pictures, the largest movie production company at the time and the first to be listed in Korea. Mr. Spackman is also the Founder, Chairman and Chief Executive Officer of the global investment firm, Spackman Group. For more information, please visit http://www.charlesspackman.com.

Since its founding, SEGL had produced more than 30 major motion pictures including a number of the highest grossing and award-winning films in Korea, namely #ALIVE (2020), CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), SNOWPIERCER (2013), COLD EYES (2013) and ALL ABOUT MY WIFE (2012).

Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. Generally, we release our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.

The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.

 

Production Labels

 

SEGL owns Novus Mediacorp Co., Ltd. (“Novus Mediacorp“), an investor, presenter, and/or post-theatrical distributor for a total of 79 films (58 Korean and 21 foreign) including ROSE OF BETRAYAL, THE OUTLAWS and SECRETLY, GREATLY, which was one of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS, as well as FRIEND 2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE, a top-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-time highest Video On Demand (“VOD“) sales records in Korea. For more information on Novus Mediacorp, do visit  http://novusmediacorp.com.   

The Company owns a 100% equity interest in Simplex Films Limited (“Simplex Films“) which is an early stage film production firm. The maiden film of Simplex Films, JESTERS: THE GAME CHANGERS (2019), was released in Korea on 21 August 2019. Simplex Films has several line-up of films including HURRICANE BROTHERS (working title).


The Company owns a 100% equity interest in Take Pictures Pte. Ltd. (“Take Pictures“) which produced STONE SKIPPING (2020) and THE BOX (2021), and shall release GUARDIAN (working title) in 2021 tentatively.   


The Company owns a 100% equity interest in Greenlight Content Limited (“Greenlight Content“) which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content. Through the acquisition of Greenlight Content, the Group’s first co-produced drama, MY SECRET TERRIUS, starring top Korean star, So Ji Sub, achieved #1 in drama viewership ratings for its time slot and recorded double digits for its highest viewership ratings. Greenlight Content was one of the main investors of MY SECRET TERRIUS.


The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST’S WAIL, a comedy horror film.

Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. We release all of our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.

 

Talent Representation

 

The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (“SMGL“). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd. (Son Ye-jin, Lee Min-jung, Ko Sung-hee), UAA&CO Inc. (Song Hye-kyo, Yoo Ah-in, Park Hyung-sik), Fiftyone K Inc. (So Ji Sub, Ok Taec-yeon), SBD Entertainment Inc. (Son Suk-ku), and Kook Entertainment Co., Ltd. Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company.

The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. (“Constellation Agency“). Constellation Agency, which owns The P Factory Co., Ltd. (“The P Factory“) and Platform Media Group Co., Ltd. (“PMG“), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements and branded entertainment.

 

Strategic Businesses

 

The Company owns a 100% equity interest in Frame Pictures Co., Ltd. (“Frame Pictures“). Frame Pictures is a leader in the movie/drama equipment leasing business in Korea. Established in 2014, Frame Pictures has worked with over 25 top

directors and provided the camera and lighting equipment for some of Korea’s most notable drama and movie projects including ITAEWON CLASS (2020), HOW TO BUY A FRIEND (2020), KIM JI-YOUNG, BORN 1982 (2019), FOUR MEN (2019) and ASADAL CHRONICLES (2019).

 

We also operate a café-lounge called Upper West, in the Gangnam district of Seoul and own a professional photography studio, noon pictures Co., Ltd.

 

For more details, do visit http://www.spackmanentertainmentgroup.com/  

#SpackmanEntertainmentGroup

Thailand Uncovers 20 Tonnes of Pork Smuggled from Laos

Pork vendor in Thailand
Pork vendor in Thailand.

Authorities in Mukdahan, Thailand, have seized 20 tonnes of pork smuggled into Thailand from Laos across the Thai-Lao Friendship Bridge.

Authorities Clarify Rising Pork Prices in Vientiane Capital

Vientiane officials patrol wet markets to stop price gouging
Vientiane officials patrol Huakhua Market for opportunistic price gouging of essential goods such as pork. Photo courtesy of Vientiane Mai.

Authorities in Vientiane Capital have issued a statement regarding an increase in pork prices, saying insufficient supply in neighboring countries has affected Laos.

Laos Confirms 340 New Cases of Covid-19 and One Death

Bolikhamxay Covid Update

Laos has recorded 340 cases of Covid-19 across the country today, with one death.