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Spring City 66, Kunming is Hang Lung’s First Property 100% Powered by Renewable Energy

HONG KONG SAR – Media OutReach – 29 December 2021 – Hang Lung Properties (Stock Code: 00101) (the “Company” or “Hang Lung”) is pleased to announce that its world-class commercial complex in Kunming, Spring City 66 is now 100% powered by renewable energy, making it the first development of the Company and the first commercial complex in Yunnan Province to achieve net zero carbon emissions in terms of annual electricity consumption for both landlords’ and tenants’ operations.

 

        

Spring City 66, Kunming

 

Spring City 66 is a notable example of Hang Lung’s sustainability philosophy. Opened in 2019, this commercial development has implemented the latest technologies and various measures to improve its energy efficiency. It has also attained the Leadership in Energy and Environmental Design (LEED) for Core and Shell Development – Gold Level certification issued by the U.S. Green Building Council in 2020 for its mall and office tower.  The renewable energy procurement will provide approximately 57,800MWh of electricity per year from solar and wind, and thereby reduce the property’s carbon emissions by approximately 46,471 tonnes per year. The transaction will take the Company’s own usage of renewable electricity in its Mainland developments to over 14% and accelerate Hang Lung’s progress in achieving ambitious greenhouse gas reductions. It will also help our tenants to reduce their own carbon emissions.

 

“The procurement of 100% renewable energy for Hang Lung’s Spring City 66 project in Kunming is a significant milestone on our sustainability journey, and a major step toward our 2030 Sustainability Goals and Targets announced last year. The transaction reaffirms our commitment to achieving net-zero, and also supports the Central Government’s pledge of achieving carbon neutrality by 2060. While Hang Lung is happy to reach this milestone, we will continue to explore opportunities in renewable energy for our developments across China,” said Mr. Adriel Chan, Vice Chair of Hang Lung Properties, who also chairs the Company’s Sustainability Steering Committee.

 

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

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

Phongsaly Reports Over LAK 1.4 Billion in Damage from Earthquakes

Earthquake damage in Phongsaly


Two earthquakes that struck Yord Ou District in Phongsaly Province on Friday have caused over LAK 1.4 billion in damage.

Russia to Finance USD 12 Million Upgrade of Mittaphab Hospital

Case 20 Discharged From Hospital, Two Remaining


The Russian government is to provide USD 12 million to upgrade Mittaphab Hospital, one of Laos’ major central hospitals.

Collective Sale of a Building at Nos. 1, 3, 5 and 7 Po Tuck Street, Sai Ying Pun sold at HK$377,000,000 under the Land (Compulsory Sale for Redevelopment) Ordinance

HONG KONG SAR – Media OutReach – 28 December 2021 – Pursuant to an order for sale made by the Lands Tribunal under the Land (Compulsory Sale for Redevelopment) Ordinance, Cushman & Wakefield Limited (“C&W”) conducted a public auction of Nos. 1, 3, 5 & 7 Po Tuck Street, Sai Ying Pun today.  The Property was successfully sold to Famous Concept Development Limited at HK$377,000,000.

The Property is located at the junction of Po Tuck Street and Hill Road in Sai Ying Pun and was built in 1966.  It constitutes an 8-storey composite building.  The ground floor units of the building are devoted for retail shops and each of the upper floors accommodate residential flats.  The site area is about 3,005 sq.ft.

The Property is currently zoned as “Residential (A)” under Approved Sai Ying Pun & Sheung Wan Outline Zoning Plan No. S/H3/34.

Please click here to download photos.

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.

The Inaugural VinUniversity Global Case Competition Awards Prizes To Global Teams

HANOI, VIETNAM – Media OutReach – 28 December 2021 – The “VinUniversity Global Case Competition 2021” (VGCC), organized by VinUniversity, has just concluded. Three teams from the United States, Finland, and Vietnam pushed ahead of over a thousand teams from 200 leading universities in 30 countries to score the top three prizes.

The Award Ceremony of VinUniversity Global Case Competition 2021

The theme of the 2021 competition was “VinFast Goes Global”. The case, written by Professor Michael Dixon of Utah State University and developed in consultation with faculty members from Cornell University and VinFast executives, described the complex and highly topical challenges facing VinFast as it enters the US market with its brand new Electric Vehicles. Teams were required to develop strategies, solutions and implementation plans for this expansion, taking into consideration several challenges facing the Electric Vehicle market in general, and VinFast in particular.

Discussing the topic of the competition, Professor Edward McLaughlin – Professor Emeritus at Cornell University, and member of the competition’s judging Panel – commented: “The teams had many creative and outstanding ideas. Unlike other competitions that use hypothetical or past cases, VGCC poses a realistic and current problem facing a business.”.


Over 4,000 students from over 200 universities from 30 countries formed 1,085 teams to participate in the competition. The competition had three stages and teams had to qualify to move to the next round of the competition. Only ten teams were selected in the Final Presentation round of the competition. In addition to submitting a detailed twenty- page plan for addressing the six challenges presented in the case, the teams also presented their key ideas before a panel of judges comprising of VinFast senior executives, and faculty from other top US based universities, and answered many tough questions from the judges.

“We are delighted to establish this global case competition because it provides experiential learning opportunities for students and helps them develop critical thinking and problem solving skills, and brings people together to solve real world problems,” said Professor Rohit Verma, the Provost of VinUniversity.

True to the academic and student-centric mission of the VGCC, VinUniversity organized three informational webinars to help the students prepare for the competition attended by over 1,000 participants. Faculty from VinUniversity, Cornell University, the CEO of VinFast, and case writer provided valuable insights to students about how to make their case analyses compelling and their recommendations defensible. As Professor Dixon advised This case is an opportunity for students to make persuasive arguments regarding the goodness of their solutions. We are not looking for one right answer. Instead, we are looking for how the students come with their answers, how well they describe it and how well they can defend it.” 


To make the process of evaluation fair and objective, the judges developed comprehensive and multi-dimensional rubrics for each stage of the competition, designed to assess the depth of the research and analysis, the details of the proposed implementation plan and the quality of the team presentation in the final round.

The First Prize went to EVA – made up of 4 members from 4 different universities: DePauw University (USA), Tampere University of Applied Science (Finland), Fulbright University (Vietnam), and Foreign Trade University Ho Chi Minh City (Vietnam). EVA successfully convinced the judges with the team’s strategy to position VinFast as the best option for the “Wait and See” segment – customers who are careful with their finances and make purchasing decisions based on a car’s features and ease of use. This was considered a disruptive approach because traditional EV-makers tend to focus on early adopters of the technology.

The Second Prize went to VinFast WinFast – consisting of 4 students from VinUniversity, with their proposal to market the cars to the extended-Millennials (Gen Y) segment, with ages ranging from 25 to 56. The group’s core proposal centered around Vivi Smart Companion, which supports users in their entire customer journey with their VinFast car, designed to build a life-long, personal connection with the company and their cars. The Third Prize went to 4 students from Juniata College (USA), Villanova University (USA) and British University Vietnam with their “Influencer Marketing” strategy.

The total prize value for the 3 winning teams was approximately 400 million VND, equivalent to 17.000 USD, with the First Prize being worth over 200 million VND (equivalent to 10.000 USD).

The contestants came from the world’s top universities, such as Cambridge University (UK), Oxford Universities (UK), Duke University (USA), Cornell University (USA), National University of Singapore (Singapore), Nanyang Technological University (Singapore), Monash University (Australia), Yonsei University (South Korea), VinUniversity, etc., and the students collectively spent 14,000 hours researching and devising solutions.

Mr. Craig Westbrook – Chief Service Officer from Vinfast US expressed his impression “What a competition, what fantastic contestants you were, truly inspiring, and it’s exactly the kind of thing that I would say companies like VinFast are certainly looking for in our future talents.”


This is the link to VGCC Website: https://vinuni-globalcase.com/

#VinUniversity

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

Bread Garden Unveils Chinese New Year Goodies Collection for CNY 2022

SINGAPORE – Media OutReach – 28 December 2021 – Bread Garden has unveiled its collection of CNY goodies for Chinese New Year 2022, featuring its signature items, all-time favourites as well as innovative creations, for a complete indulgence of both classic tastes and new flavours this festive season.

A well-recognised name among affectionados of CNY festive offerings, Bread Garden has been delighting Singaporeans and fans overseas with its high quality bakery products for nearly 4 decades.

Adhering to the highest confectionary standards and using only the freshest premium ingredients, each piece is lovingly handmade and baked to perfection, for the ultimate sensation in flavourful scent and savoury taste that have since come to define Bread Garden’s Chinese New Year goodies, cookies and other snacks.

Signature CNY goodies, classics and new flavour twists


Chinese New Year festivities are all about embracing and celebrating our traditions, and it’s no exception as well when it comes to the food that we indulge in.

 

Bread Garden’s collection of CNY goodies for 2022 is a comprehensive and balanced selection of perennial best sellers, old-school tastes as well as new, innovative flavours that cater to a diversity of taste preferences.

 

All-time favourites such as Premium Pineapple Tart, Signature Macadamia Buttery Cookies and Melting Peanut make their return to the lineup, continuing to be in hot demand year after year whenever Chinese New Year draws near.

 

There are also the established classics namely Kueh Bangkit, Old School Almond Cookies and Spicy Shrimp Rolls that a CNY celebration just cannot do without.

 

As today’s consumers get exposed to more new food flavours in their everyday consumption, bakeries have been quick to hop onto trends and experiment with new, interesting tastes that appeal to a younger generation of Chinese New Year snack buyers, and Bread Garden is at the forefront of this trend, continuing to experiment with new flavours and tastes to introduce even more delectable creations for all to enjoy.

 

As with previous years, Bread Garden is introducing new flavours this CNY 2022, featuring creations such as the Kopi Gao Siew Dai with its strong Nanyang coffee aroma, inspired by the quintessential daily morning beverage, and Dark Chocolate Cookies, which exudes the decadent richness of premium dark chocolatey taste.

A gift of prosperity for cherished ones

A signature and popular fixture in Bread Garden’s annual lineup of Chinese New Year goodies is the Prosperity Gift Set, consisting of a handpicked selection of six most recommended flavours, symbolising blessings in the six aspects of a life filled with abundance.

 

These six CNY treats are individually housed in exquisitely designed metal cases, then placed into a luxurious box adorned with golden floral prints, for a complete set that makes it the perfect gift for family and friends this Chinese New Year.

Exclusive early bird special for CNY goodies

To kick off the festive buying season on a joyous note, Bread Garden is offering a 15% early bird discount with a minimum purchase of $100 for customers who order online from now till 5th January 2022.

 

The full range of Bread Garden’s Chinese New Year goodies for 2022 is now available for sale at www.breadgarden.com.sg.

About Bread Garden

Bread Garden is a Singapore halal certified bakery brand known for its popular festive goodies for Chinese New Year and Mooncake Festival, as well as its selection of flavourful customised cakes and pastries.

Rated five stars consistently by customers on social media, Bread Garden stands out from other bakeries with its emphasis on quality over quantity, dedicating itself to produce only the best quality baked products that its customers have come to expect and love.

For more information on Bread Garden, visit www.breadgarden.com.sg.

#BreadGarden

Laos Confirms Record Number of Covid-19 Deaths

Vientiane Covid Update


Laos has recorded a record number of Covid-19 deaths today, including a 114-year-old woman, the oldest person known to have succumbed to the coronavirus in Laos.

Vingroup and VinFast successfully raised the first international green syndicated loan

December 22, 2021, Vingroup successfully closed the first international sustainable syndicated loan transaction of $400 million to serve the development needs of VinFast and its member companies.

HANOI, VIETNAM – Media OutReach – 28 December 2021 – This is the first sustainable syndicated loan transaction, and the second international sustainable fund raising transaction by Vingroup. Previously, Vinpearl – a member company of the Group, as well as a leading developer and operator of tourism and leisure services in Vietnam, successfully issued a USD 425 million sustainable exchangeable bond in September of 2021.

Proceeds from the loan will be used by VinFast and other Vingroup member companies to in green and sustainable projects in accordance with the Sustainable Financing Framework announced by Vingroup in September 2021.

Mandated Lead Arrangers and Book-runners for the transaction include BNP Paribas, Cathay United Bank, Credit Suisse, the Hongkong Shanghai Banking Corporation (‘HSBC’), Maybank and Taipei Fubon, of which Credit Suisse serves as the Facility Agent and BNP Paribas, HSBC are Joint Green Finance Coordinator.

Mr. Nguyen Viet Quang – Vice Chairman and Chief Executive Officer of Vingroup commented: “The success of this sustainable syndicated loan is made possible because we have received overwhelming support from international lenders for our commitment to sustainable investment areas, of which VinFast is the most prominent. Our aim is to make VinFast a global smart electric vehicle manufacturer that offers environmentally friendly means of transport to the masses.”

Mr. Tim Evans – General Director of HSBC Vietnam said: “HSBC Vietnam is proud to continue supporting Vingroup’s sustainable and green development goals. We appreciate the partnership with Vingroup, a forward-thinking b u siness that pioneers in contributing to Vietnam’s goals to tackle climate change. As Joint Green Finance Coordinator & Mandated Lead Arranger & Bookrunner in the transaction, HSBC has strengthened its capabilities in structuring and arranging sustainable financing, while emphasizing our long-term commitment to supporting local businesses to build a greener Vietnam .”

BNP Paribas is honored to support Vingroup, our key customer, in this landmark transaction. Vingroup has not only made great strides in its sustainable development goals, but also contributed to the development of a sustainable financing market and contributed to Vietnam’s national ambition to transit to a low carbon economy. This is a landmark transaction for us as it is the first Green Loan in Vietnam in which BNPP acts as Joint Green Finance Coordinator & Mandated Lead Arranger & Book-runner.” said Mr. Olivier Rousselet – General Director of BNP Paribas Vietnam.

About Vingroup

Established in 1993, Vingroup (Stock code: VIC) is one of the leading private conglomerates in the region, with a total capitalization of 35 billion USD from three publicly traded companies (as of November 4, 2021). Vingroup currently focuses on three main areas: Technology, Industry, and Services. Find out more at: https://www.vingroup.net/en.

#Vingroup

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