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“Enjoying the beauty of Shanxi and cheering for the Winter Olympics” Shanxi Winter Tourism Promotion and Exchange Activities Week Began on January 22

HONG KONG SAR – Media OutReach – 22 January 2022 – On January 22, the launching ceremony of Shanxi Winter Tourism Promotion and Exchange Activities Week was held in Taiyuan, the capital city of Shanxi Province in China, whose theme is to enjoy the beauty of Shanxi and cheer for the Winter Olympics. Besides, it is co-sponsored by Shanxi Provincial Department of Culture and Tourism, Shanxi Provincial Sports Bureau and Datong Municipal People’s Government, aiming to show the rich and diversified tourism resources of Shanxi to tourists at home and abroad and attract many international friends, athletes and tourists to Shanxi and enjoy its beautiful scenery with the influence of the Winter Olympics.

At present, Shanxi follows the trend of the times and promotes the high-quality development of the cultural and tourism industry. At the launching ceremony, the leaders of Shanxi Provincial Department of Culture and Tourism, Shanxi Provincial Sports Bureau and members of the tour publicity group of Shanxi Winter Tourism Promotion and Exchange Activities jointly completed the flag-giving ceremony. With the theme song of the Beijing Winter Olympics “Together for a Shared Future” sounded, the event officially opened.

 

Subsequently, the organizers posted the Shanxi Winter Tourist Map which included rich tourism resources and Shanxi winter classic tourist routes, for example, the wild and unrestrained trip outside the border, the comfortable and warm winter pilgrimage trip, the warm winter roaming trip, the primitive Shanxi culture trip, the Taihang leisure winter tour and the Yellow River customs trip. These activities provided a guide for the vast number of tourists to explore Shanxi, unlock new ways to move through the winter and start a wonderful trip.

 

At the scene, in addition to the release of 6 lines, the activity also invited special guests. A representative of an international friend from Russia described his indissoluble bond with Shanxi. There were all kinds of wonderful interactions at the event site, which highly promoted the atmosphere of the event. Moreover, not only did the crosstalk actor Gong Rui bring Shanxi’s version of crosstalk performance “Shanxi’s Good Scenery”, but also the Guinness World Record holder, Master Wang Zhanglong, demonstrated the “flour balloon” stunt, making outstanding contributions to spreading Shanxi noodle culture.

 

In the following week, the Shanxi winter tour group composed of guests from all over the world and Shanxi’s best tour guide will go to Datong, Xinzhou and Pingyao to start the winter tour. 

 

ASEAN Tourism Reopens Amid Renewed Challenges

ASEAN Tourism Forum in Cambodia
ASEAN Tourism Forum in Cambodia

ASEAN tourism ministers announced the reopening of tourism in the region at the close of the ASEAN Tourism Forum held in Sihanoukville, Cambodia.

JY Grandmark intends to issue of US$152.1 million 7.5% senior notes due 2023

US$149.6M existing notes accepted for exchange offer of 7.5% senior notes due 2022

HONG KONG SAR – Media OutReach – 21 January 2022 – JY Grandmark Holdings Limited (“JY Grandmark” or the “Company”, which together with its subsidiaries, is referred to as the “Group”, stock code: 2231), a property developer and operator and property management service provider based in the People’s Republic of China (the “PRC”), is pleased to announce that the Group intends to issue US$152.1 million 7.5% senior notes due 2023. Haitong International Securities Company Limited (Haitong International) is the sole global coordinator, joint bookrunner and joint lead manager.

Certain relatives of Mr. Chan Sze Ming Michael, an executive Director and the chairman of the Company, have participated in the Exchange Offer as well as the subscription to the Concurrent New Money Issuance and are expected to be issued approximately 84.98% of the total principal amount of the New Notes to be issued.

In addition, the Group announced the results of exchange offer for the 7.5% senior notes due 2022. As at the exchange expiration deadline, US$149.6 million of the existing notes, representing approximately 96.52% of the total aggregate principal amount of the outstanding existing notes, have been validly tendered for exchange and accepted pursuant to the exchange offer.

 

Mr. Michael Chan, Chairman and Executive Director of JY Grandmark said, “The consummation of the Exchange Offer and the Concurrent New Money Issuance will enable the Group to extend its debt maturity profile and improve its debt structure. In view of the challenging operating environment, JY Grandmark is committed to optimizing the debt structure and adhering to prudent financial strategies and policies to improve the Group’s resilience. Looking ahead, the Group will continue to strive to optimize its financial structure and broaden financing channels. The sound financial conditions and diversified funding channels enabled the Group to achieve sustainable and high-quality development under the background of tightening funding in the industry.”

About JY Grandmark Holdings Limited

JY Grandmark is a property developer, operator and property management service provider based in the PRC. It runs four principal businesses, namely (i) property development and sales, (ii) hotel operations, (iii) property management and (iv) commercial property investment. The shares of JY Grandmark have been listed on the Hong Kong Stock Exchange since December 2019 and the Group has been included as a constituent of the MSCI China Small Cap Index since May 2020.

JY Grandmark has land resources in Guangdong, Hainan, Yunnan and Hunan provinces for its future development. The Group positions itself as an “Eco-friendly and People-oriented Property Developer” and acquired land reserves in strategic locations with abundant natural resources, rich culture and potential for growth. The Group takes into account the natural and cultural resources of its project site in the design of properties to develop homes and communities that the Group considers to be truly liveable for buyers. This accurate positioning differentiates the Group from other property developers in the PRC.

 

#JYGrandmark

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

GLP Launches $1.1 Billion Maiden Vietnam Logistics Development Fund

GLP Vietnam Development Partners I is set to be one of SEA’s largest logistics development funds

GLP entered the Vietnam market in 2020 through a strategic joint venture with SLP

 

SINGAPORE AND HO CHI MINH CITY – Media OutReach – 21 January 2022 – GLP announced today the establishment of GLP Vietnam Development Partners I (“GLP VDP I”) with an investment capacity of $1.1 billion. The fund has received commitments from a well-diversified investor group across Asia, Europe, North America and the Middle East representing pension funds, sovereign wealth funds and insurance companies.

Through this transaction, GLP welcomes several new investors to its fund management platform including the Dutch pension fund manager APG Asset Management (“APG”) and Toronto-headquartered global financial services provider, Manulife.

 

GLP VDP I, which will focus on developing modern and environmentally-friendly logistics facilities in Greater Hanoi and Greater Ho Chi Minh City, is seeded with six development sites with a total land area of close to 900,000 square metres and has a robust development pipeline of further opportunities. It is set to be one of the largest logistics development funds in Southeast Asia (“SEA”).

Craig A. Duffy, Managing Director, Fund Management, said, “Institutional investment in APAC’s logistics sector has been strong and within SEA, Vietnam is one of the most attractive markets given its population dynamics, growing economy and middle class which support domestic consumption. We see similarities between Vietnam and our logistics businesses in China and India and know we can leverage our expertise and knowledge from our experiences in those markets to create a sustainable, market-leading business in Vietnam.”

 

Kent Yang, a founding partner of SLP, said, “We are very excited about the establishment of GLP VDP I. Vietnam is the right place at the right time for SLP, and we have a long-term view to grow our business here. With the shift of supply chain and shortage of modern logistic facilities, this creates tremendous opportunity and demand for SLP’s logistics infrastructure.” Chih Cheung, a founding partner of SLP, added, “Vietnam’s logistics industry is also experiencing strong growth due to strong domestic consumption from a rising middle class and to rapid e-commerce adoption. We thank and welcome the investors into our fund and look forward to serving our global and local customers with GLP-SLP’s unique national network and large integrated platform.”

 

Graeme Torre, Managing Director and APG’s Head of Asia Pacific Real Estate, said, “With the continued global supply chain shifts to Vietnam, a growing middle class to uphold economic growth, as well as having one of the fastest growing e-commerce markets in SEA, we believe Vietnam logistics is an attractive opportunity for us to enter in the region. Vietnam logistics market compliments very well with our existing regional logistics exposure, while also offering very strong risk-adjusted returns that will benefit our pension fund clients and their participants. With GLP’s extensive global track record, their ESG credentials and expertise in the logistics sector, we are pleased to be partnering with GLP in this venture for our first foray into Vietnam.”

According to Gerald Posthuma, Chief Investment Officer of Asia General Accounts Investment and Kenny Lam, Senior Managing Director, Head of Asia Real Estate Investments for Manulife, “We are delighted to partner with GLP and SLP alongside other like-minded investors in this venture. Vietnam is one of Manulife’s key growth markets in Asia and we continue to believe in its strong economic fundamentals in the long run. This investment is one of our first few real estate investments in the market, and it bodes well with our long-term real estate strategy in the region.”

SLP (SEA Logistic Partners) is GLP’s Vietnam platform with a strong local team of more than 30 employees. SLP is committed to ESG (Environmental, Social, and Governance) initiatives and is focused on making sustainability a core component of its business by practicing responsible investing and development and promoting greater well-being in Vietnam.

 

About GLP

GLP is a leading global investment manager and business builder in logistics, data infrastructure, renewable energy and related technologies. Our combined investing and operating expertise allow us to create value for our customers and investors. We operate across Brazil, China, Europe, India, Japan, the U.S. and Vietnam and have more than $120 billion in assets under management in real estate and private equity.

 

We are committed to a broad range of ESG commitments that elevate our business, protect the interest of our shareholders and investors, support our employees and customers and enhance our local communities. Learn more at glp.com/global.

 

About SLP

SLP (SEA Logistic Partners) is an industrial and logistic facility development and operation platform backed by GLP, the leading global provider of modern logistics facilities and technology-led solutions.  We will create world-class industrial & logistics infrastructure in Southeast Asia to support the growth of our customers and the region’s economic development. Learn more at slpprop.com.

 

About APG

As the largest pension provider in the Netherlands, APG looks after the pensions of 4.7 million participants. APG provides executive consultancy, asset management, pension administration, pension communication and employer services for pension funds and employers in the sectors of education, government, construction, cleaning, housing associations, sheltered employment organizations, medical specialists, and architects. APG manages approximately €627 billion (November 2021) in pension assets. With approximately 3,000 employees, APG has offices in Heerlen, Amsterdam, Brussels, New York, Hong Kong, Shanghai, and Beijing. For more information, please visit www.apg.nl.

 

About Manulife

Manulife Financial Corporation is a leading international financial services provider that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we provide financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, the global brand for our global wealth and asset management segment, we serve individuals, institutions and retirement plan members worldwide. At the end of 2020, we had more than 37,000 employees, over 118,000 agents, and thousands of distribution partners, serving over 30 million customers. As of September 30, 2021, we had CAD$1.4 trillion (US$1.1 trillion) in assets under management and administration, and in the previous 12 months we made CAD$31.6 billion in payments to our customers. Our principal operations are in Asia and Canada, and the United States, where we have served customers for more than 155 years. We trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.

 

This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GLP or its subsidiaries. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words “expects,” “believes,” “anticipates,” “plans,” “may,” “will,” “should,” intends,“foresees, estimates, projects, and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events and speak only as of the date of this press release. GLP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur, that projections will be achieved, or that GLP’s assumptions are correct.


#GLP

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

Nagarro joins forces with Techmill Global

SINGAPORE – EQS Newswire – 21 January 2022 – Nagarro, a global leader in digital engineering, has reached an agreement with the shareholders of Singapore-headquartered Techmill Global Pte Ltd, a front runner in fintech services, to bring the companies together.

The Techmill group, founded by Harihara Gopinath Sharath and Vishwanath Rajashekarappa in 2008, has over 180 employees across the world, with the majority in India. It counts several leading banks among its customers. Techmill is a partner of Temenos, the global leader in financial technology for better banking. In 2021 the group’s revenue was in the high single-digit million Euro range.

For Nagarro, the transaction strengthens its capabilities in its Banking and Financial Services vertical and supports the development of its fast-growing Rest of World segment, particularly with the presence in Australia.

Surya Vedula, Managing Director at Nagarro, states: “I would like to congratulate our new colleagues from Techmill for the way they have built a great company around a core area of expertise. We have been in touch with them for some months now and have come to value their knowledge and perspectives. We welcome them into the global Nagarro family.”

Vishwanath and Sharath, Founder Directors at Techmill, make this joint statement: “We are very happy to associate ourselves with Nagarro, with its humane approach towards people and entrepreneur-friendly environment. With the market breadth and reach of Nagarro added to Techmill’s niche financial expertise, we can reach new heights in the BFSI vertical.”

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 Techmill Global:

Techmill Global is a niche financial IT service provider. It enables clients to stay ahead of competition and technology trends with industry-specific solutions, packaged financial software implementations, and other innovative ideas that contribute to their continued success. Its clients include large corporate banks and financial institutions involved in inclusive banking such as microfinance and cooperative banking.

For more information, visit www.techmillglobal.com

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

Super-luxury Automobile Brand Rolls-Royce Unveils Two New Black Badge Models at Henry House

HONG KONG SAR – Media OutReach – 21 January 2022 – H Development Holdings Limited (the “Company”) is pleased to announce that Rolls-Royce Motor Cars Hong Kong, the world’s pinnacle automobile brand, has debuted two new Black Badge models at the Black Badge Duology Exhibition at the Company’s renowned Ginza-style commercial building Henry House. Following the showcase of the limited-edition Black Badge Dawn Landspeed Collection between 6 January and 16 January, the latest Black Badge Ghost is now on exhibit for the first time at G/F, Henry House, 42 Yun Ping Road, Causeway Bay, through January 30. Intensified through a dark aesthetic, the new additions are powerful expressions of Rolls-Royce alter-ego.

First introduced in 2016, the Black Badge has now become a permanent series in the brand’s portfolio. The body is designed with its classic, elegant hue – black, paired with darkened chrome ware and unique carbon fiber wheels, expertly increased torque and refined performance of the car. In addition to injecting dark aesthetic essence into the appearance, it also brings a vivid driving experience to the driver.

 

To echo the exhibition’s dark theme, the venue has been meticulously transformed with a dark twist, fusing black tones with large LED screens and spectacular lighting – a design that embodies the marque’s alter-ego. The exhibition also features an interactive space, where guests can transform into DJs and create exclusive Black Badge tracks.

 

Fearless, dark and rebellious, Rolls-Royce presents itself in a new light at the launch event in Henry House. The exhibition, which offers an up-close view of the ultra-luxury Black Badge series, is open to visitors starting from today until January 30. Guests can make a reservation by visiting https://bit.ly/3eDJp1y.

 

“Henry House is conveniently located in a prime location of Causeway Bay. We are delighted that Henry House has been selected by Rolls-Royce to unveil its brand-new Black Badge Ghost models in Hong Kong,” said the spokesperson for the Group. “Dedicated to establishing a one-stop destination for business, retail and luxury shopping in Causeway Bay, we have placed great emphasis on commercial building development in the area, where we have created an ideal spot for high-end brands and exhibition events. After securing occupancy from a prestigious German brand in HDH Centre, we have once again been chosen by the world prominent Rolls-Royce Motor Cars Hong Kong to host the exclusive public display of their latest models. This serves as a testament to the alignment between our premium positioning and the ethos of internationally recognized brands. The Group also boasts a collection of trophy developments such as HDH Centre, Park Aura and Biz Aura, etc. in the Causeway Bay community.

Please download the high-resolution photos of new additions Black Badge models from below link:

https://drive.google.com/drive/u/3/folders/1PeR4rcxYh2ecsPWAInr6BE-K3kkYO3iP

#HDevelopmentHoldingsLimited

Kerry Logistics Network Wins Air Cargo Services Award At the British International Freight Association Freight Service Awards 2021

HONG KONG SAR – Media OutReach – 21 January 2022 – Kerry Logistics Network Limited (‘Kerry Logistics Network’; Stock Code 0636.HK) has won the Air Cargo Services Award at the British International Freight Association (BIFA) Freight Service Awards 2021 (the ‘Awards’). The Awards ceremony was held in London last night.

 

Kerry Logistics Network received the accolade for its outstanding performance in air freight. The Air Cargo Services Award was conferred to commend its excellence in air freight throughout the global pandemic. Kerry Logistics Network has launched new air freight services such as a new Trans-Pacific air freight service and an Air-Sea service via South Korea in 2021.

 

Emma Rowlands, Strategic Sales Director of Kerry Logistics (UK), said, “Kerry Logistics Network has been a whirlwind of activity, effort, and ingenuity throughout the last 12 months and to have the hard work of the UK team recognised by industry peers is a testament to their dedication. These new services were introduced as a direct response to the ongoing capacity constraints and supply chain bottlenecks that have been a regular occurrence over the last 12 months to ensure customers can keep cargo moving.”

 

BIFA is a UK-based trade association for UK-registered companies engaged in international movement of freight by all modes of transport, air, road, rail and sea. The annual BIFA Freight Service Awards competition has been celebrating industry excellence for more than three decades by rewarding high standards and professionalism. Awards winners were selected by a judging panel comprising veterans in the freight industry based on a set of criteria including investment in new supply chain solutions, industry leadership, customer care and fulfilment, as well as heightened operational efficiency.

About Kerry Logistics Network Limited (Stock Code 0636.HK)

Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and the strongest coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal), industrial project logistics, to cross-border e-commerce, last-mile fulfilment and infrastructure investment.

 

With a global presence across 58 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

 

Kerry Logistics Network generated a revenue of over HK$53 billion in 2020 and is the largest international logistics company listed on the Hong Kong Stock Exchange.

#KerryLogistics

About the BIFA Freight Service Awards

Organised by the British International Freight Association, the BIFA Freight Service Awards competition in now in its 33rd year. The event is recognised as one of the most prestigious in the industry. The competition encourages and rewards high standards and professionalism, representing the ultimate recognition of special achievements in different sectors of the industry.

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

Walmart Representative Meets with Laos Chamber of Commerce

Walmart representative visits LNCCI LaosWalmart representative visits LNCCI Laos
Ms. Supha Xayprasith-Mays with LNCCI members in Vientiane Capital.

A delegation of Lao-Americans met with the Lao Overseas Affairs Department and the Lao National Chamber of Commerce and Industry (LNCCI) yesterday to discuss investment in Laos.