HONG KONG, July 21, 2025 /PRNewswire/ — On 18 July 2025, – Standard & Poor’s (S&P), one of the world’s leading international credit rating agencies, initiated coverage and assigned Fidelidade – Companhia de Seguros, S.A. and its reinsurance company, Fidelidade RE – Companhia de Resseguros, S.A., long-term Issuer Credit Ratings (ICR) and Financial Strength Ratings (FSR) of ‘A’, with a stable outlook.

S&P anticipates that, over the next two years, Fidelidade will maintain its leadership position in both the domestic and international markets, continue to display robust capital strength and profitability, with solid annual growth and prudent risk management.

In its assessment, S&P highlighted that Fidelidade has achieved an earnings diversification and a globalized insurance portfolio, leveraging its leading market positions with a 30% market share in Portugal and international operations in Peru, Chile, Africa, and Asia. In 2024, Fidelidade recorded a consistent financial performance with a 12.6% growth in insurance revenues and net income of EUR173.5 million. It is worth noting that Fidelidade’s Solvency II ratio reached 194% at year-end 2024, demonstrating its consistent profitability and strong capitalization. Additionally, its international operations accounted for 30% of its total premiums, marking a substantial progress in Fidelidade’s globalization strategy.

The assignment of ‘A’ rating to Fidelidade by S&P highlights S&P’s firm recognition of Fidelidade’s quality and balance business portfolio, growing international diversification, consistent financial performance and solid capital position.

This marks the second ‘A’ credit rating achieved by Fidelidade. In September 2024, Fitch Ratings, another world’s leading international credit rating agency, upgraded Fidelidade’s ratings to A+ from A (Insurer Financial Strength – IFS) and A from A- (Issuer Default Rating – IDR), with a Stable Outlook – the highest rating ever awarded by Fitch to a Portuguese company at the time.

Rogério Campos Henriques, CEO of Fidelidade, stated, “The recognition by two of the world’s leading rating agencies reinforces confidence in the strategy we have been pursuing. It is the result of rigorous financial discipline, prudent management, and a clear focus on creating value for our customers, shareholders, and partners.”

Fidelidade is one of the four core subsidiaries of Fosun International (00656.HK). It has consistently maintained the top market share in Portugal for many years, with operations spanning across Europe, Africa, Latin America, Macau SAR, and other countries and regions. In recent years, leveraging Fosun’s global ecosystem, Fidelidade has not only continued to solidify its leading position in the Portuguese market but has also achieved remarkable results in international business expansion and innovative development, particularly gaining a leading position in markets such as Peru and Bolivia.

TAIPEI, July 21, 2025 /PRNewswire/ — Taiwan Index Plus (TIP) is proud to announce a strategic agreement with ICE Data Indices, LLC (“ICE”), a subsidiary of Intercontinental Exchange, a leading global provider of technology and data, to expand index offerings tailored for local market participants.

Under this agreement,  both TIP and ICE will create co-branded indices, expanding the range of solutions available to Taiwan’s financial ecosystem. TIP’s indices under this arrangement will utilize fixed income indices administered by ICE. The first blended index to be launched under the agreement is the “ICE TIP Dual-Core Balanced Multi-Asset Index”, administered by TIP. This index is created by combining the “TIP Customized Taiwan Large-Cap Representatives 25 Index” and the “ICE 10+ Year BBB US Corporate Yield-Weighted Constrained Index TWD 3pm Taipei“. This new multi-asset index is designed to be one with global reach and asset diversification that can be used in a passive fund for domestic investors. It illustrates the strategic value of the agreement — seamlessly combining TIP’s deep expertise in Taiwanese equities with ICE’s capabilities in fixed income indices.

TIP and ICE have also agreed to implement a co-branding arrangement under which each party may distribute its indices through a shared branding program. Seeking to leverage ICE’s global footprint and fixed income expertise, TIP will continue to capitalise on its affiliation with the Taiwan Stock Exchange (TWSE) to support and streamline the listing of ETPs on the exchange, strengthening the value of Taiwan’s capital market.

Sherman Lin, Chairman of TIP, said: “We believe that our strong complementary agreement will be a valuable addition to contribute meaningfully to index innovation both in Taiwan and globally, helping to drive the next wave of index development. TIP will continue to serve as a reliable partner to domestic asset managers by leveraging group resources and exploring index licensing opportunities through the co-branding arrangement.”

Varun Pawar, Chief Product Officer at ICE, said, “Taiwan’s ETF market is entering an exciting new phase with the introduction of multi-asset indices, providing investors with broader diversification. Our collaboration with TIP and TIP’s launch of the ICE TIP Dual-Core Balanced Multi-Asset Index reflect our shared commitment to innovation and to supporting issuers in delivering products that meet evolving investor needs. As Taiwan grows as a regional asset management hub, we’re proud to contribute our global insights and data expertise to deliver solutions that create opportunity for investors.”

About Taiwan Index Plus Corporation

Established in 2016, TIP is a professional index and information services provider wholly-owned by TWSE. It aims to provide investors with high-quality, comprehensive indices and information services, satisfy growing investor appetite for indexing strategies, and create innovative products for Taiwan’s capital market.

To learn more, please visit: http://www.taiwanindex.com.tw

About Intercontinental Exchange

Intercontinental Exchange, Inc. is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges — including the New York Stock Exchange — and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.

To learn more, please visit: https://www.ice.com/index

SINGAPORE, July 21, 2025 /PRNewswire/ — The Food Purveyor, a leading Malaysian grocer, has demonstrated remarkable success through its strategic multi-brand approach, operating Village Grocer, Ben’s Independent Grocer (B.I.G.), B.S.C. Fine Foods, Pasaraya OTK, and the “Bites Shop” e-commerce platform. The company has cultivated customer loyalty through its “Bites” membership program and by offering a diverse range of high-quality, locally and internationally sourced products across its 41 stores in key regions like Penang, Klang Valley, and Johor Bahru.

This inspiring journey of growth, customer focus, and innovative solutions makes The Food Purveyor a deserving recipient of the Inspirational Brand Award at the Asia Pacific Enterprise Awards (APEA) 2025 Malaysia Chapter. This company’s dedication to understanding consumer needs, proactively addressing market challenges, and fostering genuine engagement has not only driven its success but also set a commendable standard within the industry.

Recognizing shifts in consumer behavior during the economic climate of late 2023, The Food Purveyor proactively adapted by prioritizing customer understanding and implementing innovative strategies to enhance value while maintaining competitive pricing. This customer-centric approach extends to its engaging social media presence, fostering genuine interaction and building trust with its audience.

A significant achievement for The Food Purveyor has been its successful foray into house brands with the launch of “Savoir.” This locally sourced line, beginning with chicken eggs, quickly gained significant market share, addressing supply chain challenges and providing affordable, quality protein. This initiative underscores the company’s commitment to meeting consumer needs and promoting sustainable practices. Coupled with the strategic opening of three new supermarket locations, these accomplishments highlight The Food Purveyor’s dynamic growth and impactful presence in the Malaysian grocery sector.

Looking ahead, The Food Purveyor aims to further expand its reach across Malaysia, focusing on increasing its presence in the northern, southern, and Klang Valley areas, as well as venturing into promising secondary cities like Seremban, Melaka, and Ipoh. This strategic direction reflects the company’s ambition to serve a wider range of communities and solidify its position as a leading and innovative food provider in the nation.

About Enterprise Asia

Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are an investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplift the economic status of people across Asia, and ensure a legacy of hope, innovation, and courage for future generations. Please visit www.enterpriseasia.org for more information.

About Asia Pacific Enterprise Awards

Launched in 2007, the Asia Pacific Enterprise Awards is the region’s most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/regions and markets all over Asia. For further information, please visit www.apea.asia.

SINGAPORE, July 21, 2025 /PRNewswire/ — Savourés Group is rapidly emerging as a powerhouse in the specialty food ingredient (SFI) sector, pioneering a unique “One-Stop Platform” to connect specialist manufacturers with global food and beverage clients. Driven by a passion for flavour and a commitment to innovation, Savourés empowers its partners with essential end-to-end solutions, including cutting-edge R&D, IP development, enhanced marketing, and scalable operations.

In just four years, Savourés has experienced explosive growth, expanding its reach across Asia, North America, Europe, and beyond. With a dramatic surge in revenue, customer base, and product offerings (from 50 to now over 5,000 products), Savourés is not just supplying ingredients; it is co-creating the future of food. The company’s agile culture and investment in top food scientists and technology enable it to quickly respond to market trends and deliver tailored, high-performing ingredients ranging from premium coatings, bold sauces, signature flavors, rich pastes, flavorful marinades, and performance-driven premixes.

Savourés’ rapid growth and agility have not gone unnoticed. The company was recently honored with the Fast Enterprise Award at the Asia Pacific Enterprise Awards (APEA) 2025 Malaysia Chapter, organized by Enterprise Asia. This prestigious recognition is proof of the company’s remarkable ability to adapt, scale, and consistently deliver exceptional value in a rapidly evolving business landscape.

The company plays a key role in helping food and beverage companies shorten time-to-market and unlock exciting new product possibilities. With a focus on taste, consistency, and real market demands, Savourés is shaping possibilities and delivering significant value to its partners worldwide.

Savourés’ collaborative approach fosters a dynamic ecosystem where innovation thrives. With innovation as its driving force, Savourés has strategically built advanced R&D and manufacturing capabilities. It has also invested in a committed team of sales, technical, and support experts. This investment in both infrastructure and people fosters a culture where individuals are empowered to drive projects, contribute creatively, and feel accountable for their successes.

Savourés champions the idea that growth is a shared experience, stating ‘You don’t need to be great to start, but you need to start to be great.’ The company is dedicated to building a culture where every team member, regardless of their position or background, can learn, contribute, and progress. Through consistent training, mentorship, and varied experiences, Savourés ensures that no one is left behind or excluded from opportunities for advancement.

About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are an investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplift the economic status of people across Asia, and ensure a legacy of hope, innovation, and courage for future generations. Please visit www.enterpriseasia.org for more information.

About Asia Pacific Enterprise Awards
Launched in 2007, the Asia Pacific Enterprise Awards is the region’s most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/regions and markets all over Asia. For further information, please visit www.apea.asia.

Strategic partnership to deliver transcriptomics-powered, organoid-based preclinical testing for high-impact drug discovery 

SEOUL, South Korea, July 21, 2025 /PRNewswire/ — CorestemChemon, a leading GLP-certified preclinical CRO based in South Korea, has entered into a strategic partnership with ATG Lifetech, a biotechnology company specializing in transcriptome analytics and organoid-based modeling. This collaboration aims to deliver next-generation, precision-driven non-clinical solutions to pharmaceutical companies and biotech ventures across the U.S., Europe, and Asia.

Through this partnership, the two companies will co-develop:

• A transcriptome-based evaluation platform for predictive drug efficacy and safety profiling
• Disease-relevant organoid models for liver, heart, and the blood-brain barrier (BBB)
• A high-throughput transcriptomics analytics service for differentiating true vs. false positives in tumorigenicity studies
• Shared access to regulatory-aligned expertise for global clients targeting FDA/EMA pathways

“ATG Lifetech’s disruptive transcriptome and organoid platforms will significantly elevate the scientific fidelity of our preclinical services,” said a CorestemChemon spokesperson. “This alliance positions us to compete as a global CRO partner offering best-in-class biological relevance and regulatory readiness.”

Organoid-based assays are increasingly recognized for their translational advantage, offering up to 5x greater predictive accuracy in toxicity and efficacy screening compared to conventional 2D cell cultures, according to industry benchmarks. When integrated with whole-transcriptome analysis, these platforms enable earlier go/no-go decisions in drug pipelines, helping clients de-risk clinical entry and reduce overall development timelines.

“Investors should note that this partnership directly supports CorestemChemon’s strategic growth plan to expand high-margin, IP-driven CRO services globally. Revenue-generating service offerings are expected to begin rolling out by late 2025, with significant global demand already projected.”

ATG Lifetech brings validated expertise from its international collaborations, including with ACROBiosystems (Switzerland), and has been selected as a core developer in several South Korean government-backed biopharma initiatives.

The two companies plan to showcase their joint research outputs at a major toxicology and preclinical science conference in Q4 2025. Global service launches will follow, focused on biotech and pharmaceutical customers in need of high-content, biologically faithful preclinical testing.

CorestemChemon (KOSDAQ: 166480) is a full-service preclinical CRO with over two decades of experience in GLP-based toxicology, pharmacokinetics, and regulatory compliance. The company operates multiple AAALAC-certified facilities and partners with leading biopharmaceutical innovators across Asia, the U.S., and Europe.