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VinFast signs dealer financing cooperation agreement with BCA


JAKARTA, INDONESIA – Media OutReach Newswire – 27 June 2025 – VinFast has officially entered into a pivotal financial partnership with PT Bank Central Asia Tbk. (BCA), one of Indonesia’s leading private banks. This collaboration is set to provide comprehensive and strategic credit facilities for VinFast’s dealer partners across Indonesia, significantly bolstering the sales network and accelerating the nation’s green mobility transformation.

VinFast VF 6 model
VinFast VF 6 model

Under the terms of this Dealer Financing Cooperation Agreement, BCA is committed to offering flexible credit facilities tailored for VinFast’s entire dealer network. This crucial funding is designed to facilitate the procurement of VinFast electric vehicles and genuine parts, ensuring a stable supply chain.

The credit facilities are diverse, encompassing a regular ceiling for consistent operational needs, along with seasonal/fleet ceilings for peak demand periods or bulk purchases of vehicles and parts. This tailored approach addresses varied business needs, enabling dealer partners to optimize cash flow and manage inventory effectively.

Furthermore, VinFast and BCA have collaboratively developed favorable payment terms and efficient financial processes. This empowers dealer partners with greater autonomy in managing their cash flow and accelerating capital turnover. As a result, fund disbursements and account management become quicker and more convenient, while minimizing complex paperwork, allowing dealers to focus intensely on their core business operations.

The primary objective of this strategic collaboration is to provide optimal financial accessibility for VinFast dealers, thereby propelling the expansion of the distribution network and strengthening VinFast’s presence across the Indonesian electric vehicle market.

Mr. Denny Haryanto, Senior Vice President Corporate Banking BCA emphasized: “As one of Indonesia’s private financial institutions, BCA is dedicated to supporting and driving the nation’s long-term economic growth, particularly within the burgeoning electric vehicle sector. By providing credit facilities to VinFast’s dealer partners, BCA is not only contributing to the electrified transportation industry but also enabling ‘green enterprises’ to pursue sustainable development. We are committed to supporting the government’s energy transition program and emission reduction targets.”

Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, shared: “We are proud to partner with the esteemed financial institution BCA on our journey to penetrate the Indonesian market. This Dealer Financing Cooperation Agreement will grant our dealers essential access to capital, enabling them to expand operations. Through this, VinFast reaffirms our strong commitment to building and nurturing a comprehensive green transformation ecosystem. With BCA’s financial backing, we and our dealer partners are confident in bringing VinFast electric vehicles closer to Indonesian consumers, contributing significantly to the nation’s sustainable development goals.”

VinFast has made significant strides in Indonesia in just over a year since entering the market. The Company offers a diverse product range covering the most popular segments, including the VF 3 (mini SUV), VF 5 (A-segment), VF 6 (B-segment), and VF e34 (C-segment). All models come with highly attractive sales and after-sales policies, such as free charging, a guaranteed buy-back value of up to 90%, and 0% interest on car loans.

VinFast is also aggressively expanding its dealer network in Indonesia, with 21 showrooms now established across key cities including Jakarta, Bandung, Surabaya, and Bali. To complement this, VinFast owners will benefit from access to authorized service workshops, operated by partners Otoklix and BOS nationwide, ensuring comprehensive support throughout their vehicle ownership. VinFast projects the establishment of 500 authorized service workshops across Indonesia within the current year.

Notably, VinFast is pioneering the development of a complete green mobility ecosystem in the EV sector through strategic collaborations. Key partners include GSM, an all-electric taxi service, and V-GREEN, a global EV charging network developer. Furthermore, the Company is committed to enhancing local production and supporting Indonesia’s EV industry through its upcoming assembly plant in Subang./.

Hashtag: #VinFast

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

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at

Highbrow Unveils Its New Beauty Salon at The Adelphi


SINGAPORE – Media OutReach Newswire – 27 June 2025 – HighBrow, one of Singapore’s most trusted names in brow, lash, and nail care, is thrilled to announce the launch of its new beauty salon at The Adelphi. Conveniently located at 1 Coleman Street, #02-28, Singapore 179803, this newest branch officially welcomed clients from 2nd January, offering a refreshed space to meet growing demand.

HighBrow The Adelphi
HighBrow The Adelphi

The opening of this new lash salon comes as part of a relocation from the Capitol outlet, ensuring loyal customers continue to enjoy easy access to HighBrow’s services, now in a more spacious and modern setting.

A Fresh Space for Professionals in the City

Thoughtfully designed with the urban professional in mind, HighBrow’s new beauty salon at The Adelphi boasts a bright, rectangular layout that enhances comfort and privacy. The updated space delivers a clean, cosy atmosphere ideal for clients seeking quick yet luxurious touch-ups during lunch breaks or after work.

Led by renowned Creative Director Andy, the team at HighBrow includes highly trained specialists in brows, lashes, and nails, all with years of experience and a dedication to service excellence. Strict SOPs and personalised consultations ensure that every visit to this new beauty salon meets HighBrow’s high standards.

“We chose The Adelphi as it offers the perfect mix of central accessibility and a comfortable setting. Our clients will feel right at home, and we’re excited to serve them in a brighter, more spacious environment,” said Cynthia Yew, Managing Director.

With a team of passionate, skilled brow specialists and over 20 years of industry leadership behind the brand, HighBrow’s new beauty salon is set to become a go-to spot for beauty lovers in Singapore’s city centre.

For appointments and more information about services at The Adelphi outlet, visit HighBrow’s official website or follow their social channels.

Hashtag: #Highbrow



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

About Highbrow

With over a decade of expertise, Highbrow has established itself as a leading beauty salon in Singapore, specialising in eyebrow, eyelash, and nail services. Known for precision, artistry, and innovation, Highbrow’s team of highly trained specialists deliver natural, flawless enhancements tailored to each client’s unique features. From realistic brow embroidery to lightweight lash extensions, every treatment is executed with care and technical excellence. At Highbrow, beauty is more than a service, it’s a personalised experience in a calming and professional setting. Whether you’re after a subtle refresh or a standout look, Highbrow is dedicated to bringing your beauty goals to life.

BuildersUpdate.com Celebrates 15 Years of Innovation with Free Premier Status Offer for Builders Across the United States


AUSTIN, TX – Media OutReach Newswire – 27 June 2025 – BuildersUpdate.com, the trusted online platform for new home inventory and a pioneer in agent-focused builder marketing, is celebrating its 15th anniversary with a limited-time free month of Premier Status Offer exclusively for builders within the United States.

For the entire month of July 2025, eligible builders will receive no-cost access to Premier features—including agent leads and priority placement. To qualify for this offer, builders must:

  • Complete their free registration online,
  • Update the compensation details offered to agents,
  • Upload at least one buyer incentive (e.g. interest rate buy-downs),
  • Upload their available inventory by June 30, 2025.

BuildersUpdate.com launched 15 years ago with a vision to help builders—large and small—reach agents representing pre-qualified buyers, moving beyond the limitations of direct-to-consumer marketing. According to the National Association of Realtors (NAR), 64% of new construction homes in the U.S. are sold with the assistance of agents, making this channel indispensable for success.

Today, the platform connects with more than 815,000 licensed agents nationwide, delivers over 1 million newsletters monthly, and supports listings from production builders, custom home builders (with or without specs), as well as condo developers. BuildersUpdate.com operates coast to coast and continues to lead the market in delivering actionable visibility for the building community.

“This is our way of saying thank you while also helping builders navigate a challenging market,” said Mr. Bill Gaul, Founder and CEO of BuildersUpdate.com. “In an environment where qualified buyers are harder to reach, we offer a proven, agent-centric path to faster closings — with zero risk and no upfront obligation.”

Builders already subscribed to paid services will also receive a one-month license extension if they fulfill the same criteria and notify the BuildersUpdate team.

Builders interested in this offer should act quickly — the free access begins July 1 and ends July 31, 2025. For more information, please contact buildersupport@buildersupdate.com or call 512.901.9899 x2.
Hashtag: #BuildersUpdate.com

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

About BuildersUpdate.com:

BuildersUpdate.com is a leading online platform that connects home builders with licensed real estate professionals, offering the most comprehensive database of new home inventory in the United States and beyond. Now operating in seven languages and serving markets across North America and Latin America, BuildersUpdate.com remains committed to driving innovation, transparency, and results in the homebuilding industry.

HONMA Golf Announces Annual Results for FY2024/25

Continued Gross Profit Margin and Net Operating Cash Flow improvements albeit difficult market conditions


HONG KONG SAR – Media OutReach Newswire – 26 June 2025 – HONMA Golf Limited (“HONMA”; together with its subsidiaries, the “Group”; HKEx stock code: 6858), one of the world’s most prestigious golf brands, announces its consolidated annual results for the year ended 31 March 2025 (the “Period”).

Financial Highlights

  • Due to economic slowdown and challenges, increased competition within the industry, and weakened consumer confidence, the Group’s revenue for the Period decreased by 17.4% to JPY21,672 million (equivalent to USD142.9 million).
  • Nonetheless, retail revenue grew by 11.0% and 8.9% respectively in Mainland China and Taiwan during the Period and revenue from Europe increased by 16.4%, rising from JPY361.8 million for the year ended 31 March 2024 to JPY421.0 million.
  • Gross profit margin expanded by 3.2 percentage points, reaching 54.4%, following improvements in Japan’s gross margin command.
  • Net operating cash flow increased by 1.5% to JPY5,497 million (equivalent to USD36.2 million).

Major Achievements
For the year ended 31 March 2025, the golf industry witnessed increased market competition and adjustments in both participation and purchase intent resulting from economic slowdowns and challenges in certain parts of the world. Despite unfavorable market conditions, HONMA continued to implement its long-term business strategies by investing into its product development, distribution footprint and brand marketing efforts while carefully protecting its financial strength and cash flow.

Strategic Focus on Super-Premium and Premium-Performance Segments
Amidst downward adjustments in the global golf industry, HONMA remained focused on cultivating its home markets in Asia and further consolidated and streamlined its product offerings around two key consumer segments – super-premium and premium – performance. HONMA has been maintained a leading and strong market position in the super-premium segment for decades, developing and selling clubs that combine Japanese aesthetic beauty with uncompromising features. The premium-performance segment, which is dominated by avid golfers, has enjoyed the strongest growth momentum for years and is the largest in terms of participation. To increase its penetration into both segments, HONMA has simplified its product strategy. This includes enriching its TOUR WORLD club portfolio with a performance enhancement series and renewing its classic BERES club family with a modern and sophisticated design approach to appeal to today’s golfers.

Expanding Product Portfolio in Core Segments
HONMA derived most of its revenue from the sales and distribution of golf clubs. During the Period, golf clubs generated 70% of the Group’s total revenue. HONMA remains committed to apply cutting-edge technologies and artisan-style Japanese craftsmanship to the design, development, and manufacturing of a comprehensive range of exquisitely crafted, performance-driven golf clubs.

In addition to clubs, HONMA launched various golf ball products with its own patent and relaunched its apparel business to create a comprehensive range of golf products for golfers in the super-premium and premium-performance segments. These new product portfolios have generated stable revenue contributions over the past years and aim to meet the HONMA brand positioning and play preferences of its consumers.

Driven by continued price management and enhanced product offerings, HONMA’s overall gross profit margin expanded by 3.2 percentage points year-on-year, despite increases in raw material prices and unfavorable currency movements. Specifically, the gross profit margins for golf balls, apparel, and accessories rose by 4.0, 9.9, and 22.7 percentage points year-on-year respectively.

Reprioritizing Growth Strategies and Enhancing Financial Performance in North America and Europe
HONMA made constant upgrade of its retail presence with top-tier locations, revitalized visual identity, fresh design concepts, and enhanced customer experiences. As a result, sales from self-owned channels increased 2.8% year-on-year to JPY 11,263 million.

North America and Europe continued to enjoy the largest golfer demographics, albeit with varied market conditions. For the year ended 31 March 2025, HONMA reprioritized its distribution strategy in these regions by focusing on a select group of premier accounts that best represent HONMA’s tradition and commitment to the super-premium and premium-performance consumer segments. Concurrently, HONMA optimized its organisational set up and cost base in both markets to ensure stable near- to mid-term growth amidst social, economic, and financial uncertainties.

As part of this strategic adjustment, HONMA opened 26 points of sales (“POS“) in North America during the year, bringing the total to 370 as of 31 March 2025. In Europe, HONMA opened seven new POS, expanding its network to 136 locations.

Re-defining the HONMA brand
HONMA initiated various programs to enhance its global brand positioning and communication with target consumers. To re-define the HONMA brand as a dynamic, relevant, and premium golf lifestyle brand among internet-savvy younger golfers, HONMA has consistently elevated its global website and social media platforms with regular and relevant visual and content updates to continuously promote brand and product awareness and appeal to younger golfers.

With a full-channel approach and a boost in digital marketing investment, HONMA’s e-commerce sales rose 6.3% year-on-year while Japan and China recorded a year-on-year increase of 10.1% and 6.9% rise.

To create an end-to-end digital ecosystem around the redefined brand and golfers in the super-premium and premium-performance segments, HONMA has implemented customer relationship management (CRM) systems in multiple markets. The Group has also added advanced e-commerce capabilities and consumer-centric custom tools to provide consumers with the ultimate 360-degree brand experience. These initiatives strengthen HONMA’s direct-to-consumer communication and are expected to eventually increase sales both online and offline.

Business Outlook
In the coming years, HONMA will continue to execute its long-term growth strategy to establish itself as a world-leading golf lifestyle company, leveraging HONMA’s brand legacy, expanding distribution network, and innovative technologies, and traditional Japanese craftsmanship. Key focus areas include sustainably enhancing HONMA’s brand value to foster customer loyalty, increasing market share in home markets by maintaining its leading position in the super-premium segment, while making inroads into the fast-growing premium-performance segment. HONMA aims to anchor sustainable growth in North America and Europe through an updated product and distribution strategy. Additionally, HONMA will nurture complementary non-club product lines to offer customers a complete golf lifestyle experience and pursue product innovation and development to meet the latest market trends.

Mr. LIU Jianguo, Chairman of the Board, President, and Executive Director of HONMA Golf Limited, stated: “Despite market fluctuations, HONMA has demonstrated remarkable resilience, maintained strong gross margins, and expanded our direct-to-consumer channels. Our strategic focus on the super-premium and premium-performance segments, combined with enhanced digital capabilities and an optimized distribution network, has positioned us well for future growth and enabled us to deliver better returns for our stakeholders. ”

Hashtag: #HONMAGolf

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

About HONMA Golf Limited

HONMA is one of the most prestigious and iconic brands in the golfing industry. Founded in 1959, HONMA combines the latest innovative technologies with traditional Japanese craftsmanship to offer golfers around the world premium, high-tech, and high-performance golf clubs, balls, apparel, and accessories.

As the only vertically integrated golf company with extensive in-house design, development, and manufacturing capabilities, as well as a broad retail footprint in Asia, HONMA is perfectly positioned to continuously grow its business in Asia and beyond, benefitting from the return of golfers in mature golf markets such as the US and Japan, and from increased participation in emerging markets such as Korea and China.

HONMA will celebrate its 68th anniversary in 2025. In recent years, HONMA has actively undertaken brand and marketing campaigns with the goal of redefining the HONMA brand as a dynamic, relevant, and premium golf lifestyle brand among today’s golfers. HONMA maintains a team of young professional players from Asia who are considered rising stars or upcoming challengers in the golf industry. HONMA has also collaborated extensively with coaches and key opinion leaders in major Asian markets and made significant investments in its retail distribution network and digital capabilities in Japan and China to unify and elevate the consumer experience and purchase journey for its loyal consumers and the younger golfing community.

New EcoFood@Mandai Development Offers Tailored Food Factory Spaces in the North


SINGAPORE – Media OutReach Newswire – 26 June 2025 – A new food factory hub, EcoFood@Mandai, has officially launched in Singapore’s northern region, bringing purpose-built factory units to a wide range of food and beverage (F&B) businesses. Strategically located in the Mandai industrial zone, this development aims to serve as a functional space for small to medium-sized enterprises (SMEs) looking to set up operations such as food processing, manufacturing, or packaging within a dedicated infrastructure.

EcoFood@Mandai Food Factory in Singapore
EcoFood@Mandai Food Factory in Singapore

The opening comes at a time when demand for food production space remains steady, driven by Singapore’s robust F&B sector and government initiatives to strengthen local food resilience. By offering customisable units for sale, not rent, EcoFood@Mandai provides long-term asset security for business owners while supporting operational flexibility through modular design options.

A Wide Range of F&B Operations

The local industry comprises a diverse mix of food businesses, from large-scale food manufacturers to cloud kitchen operators and specialised artisanal producers. Common types of operations include cold storage, roasted coffee bean production, cooked meat manufacturing, dessert preparation, and seafood processing.

At EcoFood@Mandai, each unit is designed with the infrastructure to support a wide spectrum of these activities. Businesses in Singapore may install their own cold room facilities, set up commercial-grade kitchens, or develop bespoke layouts to support streamlined workflow, hygiene zoning, and food safety protocols. This flexibility is particularly important for growing brands who require purpose-built spaces for their unique production lines.

One example might be a commercial kitchen operator preparing frozen meals for retail and delivery. Another may be a beverage start-up requiring controlled temperature zones for bottling and mixing. By purchasing space at EcoFood@Mandai, these businesses gain ownership over their premises while enjoying shared access to vehicle loading bays, high floor loading capacities, and waste management systems—features that are essential to food factory operations.

Built for the Modern Food Industry

Unlike conventional industrial buildings, EcoFood@Mandai is tailored specifically for food businesses. The units are zoned for food production and come with features suited to chilled and frozen storage, food preparation, and even automation. Owners can install a cold room Singapore-compliant with HACCP or SFA standards to ensure product safety and temperature control, which is vital in handling perishable goods such as seafood, dairy, and pre-cooked meals.

Additionally, the development’s layout is conducive to cloud kitchen setups, which continue to be in demand as the online food delivery economy matures. Businesses can build dedicated cloud kitchen spaces within the units, enabling them to serve multiple food brands under one roof with optimised kitchen workflows and minimal customer-facing space requirements.

A Strategic Mandai Location

Located within the Mandai industrial cluster, the new Mandai food factory project benefits from proximity to key food manufacturing zones and established logistics routes. Its closeness to the Woodlands Causeway significantly reduces transportation time, an essential advantage for businesses dealing with perishable goods and time-sensitive distribution.

The area is also home to a growing number of commercial kitchen operators, particularly those serving institutions and food delivery services. The ability to customise and install a fully operational cold room on site enhances the value proposition for companies looking to expand capacity or reduce reliance on leased facilities.

The nearby Sungei Kadut Eco District is set to become a hub for innovation, with upcoming developments like the Agri-Food Innovation Park. This ecosystem will bring food manufacturers, high-tech farming communities, suppliers, and distributors in one vicinity, creating opportunities for collaboration and operational efficiency.

Ownership Over Leasing

EcoFood@Mandai differs from typical rental-based food factory developments. Units are available for sale only, offering buyers complete autonomy in tailoring their space to suit specific production needs. Whether outfitting a central kitchen, a drinks bottling line, or a raw ingredient packaging area, buyers can work with their own contractors and consultants to optimise the layout.

This model of ownership aligns with the long-term needs of food manufacturers, many of whom require stability to make capital-intensive investments such as refrigeration systems or food-safe flooring. The ability to build a dedicated cold room, a key element in many food production businesses, without tenancy constraints adds to the site’s appeal.

A New Chapter for Singapore’s Food Production Landscape

As Singapore continues to grow its food resilience strategy, developments like EcoFood@Mandai will play a role in enabling innovation, scale, and specialisation in food production. From central kitchens to cold storage operators, the development caters to the varied needs of modern food businesses.

With purchase-only units and the infrastructure to support everything from commercial kitchen setups to cold room Singapore installations, EcoFood@Mandai is poised to become a key destination for F&B enterprises seeking to build a long-term footprint in the north.Hashtag: #EcoFood@Mandai

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

About EcoFood@Mandai

EcoFood@Mandai is a newly launched food factory development located in the Mandai industrial zone in Singapore. Designed specifically for food and beverage businesses, it offers customisable, strata-titled factory units for sale. The development caters to a wide range of operations, including food production, processing, packaging, and storage. With infrastructure for commercial kitchens, and cloud kitchen setups, EcoFood@Mandai supports the evolving needs of Singapore’s dynamic F&B landscape.

Plaza 66’s Pavilion Extension Tops Out, Opening in Second Half of 2026

Expanding Retail Space by 13% to Boost the New Consumption Economy in Shanghai


HONG KONG SAR & SHANGHAI, CHINA – Media OutReach Newswire – 26 June 2025 – Hang Lung Properties Limited (SEHK stock code: 00101) (the “Company” or “Hang Lung”) has achieved a major construction milestone and topped out its Plaza 66 Pavilion Extension in Shanghai. This low-rise, standalone building will expand the complex’s retail space by 13% based on leasable floor area, adding a total of 3,080 square meters above ground. The project is set for completion in mid-2026 and opening in the second half of the year.

The Pavilion Extension at Plaza 66 has topped out on schedule and will expand the mall’s retail space by 13% based on leasable floor area
The Pavilion Extension at Plaza 66 has topped out on schedule and will expand the mall’s retail space by 13% based on leasable floor area

The Pavilion Extension, i.e., Phase 3 of Plaza 66’s development, will be seamlessly connected to the existing mixed-use complex which consists of a luxury mall and two premium office towers, currently covering a total gross area of 213,255 square meters of office and retail space in Shanghai’s vibrant Jing’an District. The Pavilion Extension also includes around 3,850 square meters of public space along Nanyang Road, enhancing placemaking and creating a vibrant urban destination connecting the community.

Artist’s impression of Plaza 66 Pavilion Extension
Artist’s impression of Plaza 66 Pavilion Extension

Pavilion Extension Project: Where Retail Leadership Meets Urban Energy

Plaza 66, distinguished by its unparalleled luxury offerings and positioning, is being expanded to cater to the evolving tastes of discerning consumers who are increasingly prioritizing personalized and exceptional experiences. New concepts of retail, dining, wellness and lifestyle, as well as event spaces will be introduced to the Pavilion Extension, further strengthening its appeal as a top-tier lifestyle destination.

“This topping out represents a major step in our development strategy in mainland China, which is designed to address new consumption trends and overwhelming interest from retailers seeking to establish a presence at Plaza 66,” said Mr. Derek Pang, Senior Director – Mainland Business Operation of Hang Lung Properties. “We are also committed to curating novel experiences that blend emotional engagement with authentic cultural resonance, thereby supporting Shanghai’s urban renewal and development as an international consumption city as we continuously upgrade our portfolio. Through the extended Plaza 66, along with our other iconic property in Shanghai, Grand Gateway 66, we strengthen our retail leadership as the Pulse of the City by delivering world-class experiences that capture Shanghai’s vibrant spirit.”

Notes to Editor – Facts of Plaza 66, Shanghai

Opening year Phase 1 (Mall and Office Tower 1): 2001

Phase 2 (Office Tower 2): 2006

Phase 3 (Pavilion Extension): Second half of 2026

Total gross floor area Phase 1 and 2: 213,255 square meters

  • Mall: 53,700 square meters
  • Office towers: Approx. 160,000 square meters

Phase 3 (Pavilion Extension): 3,080 square meters above ground

Number of retail brands More than 145

Phase 1: More than 120

Phase 3: Approximately 25

Sustainability awards and features Phase 1 and 2

  • “Leadership in Energy and Environmental Design V4.0 Existing Building: Operations and Maintenance – Platinum certification” by the U.S. Green Building Council in 2022
  • “WELL V2 Core Platinum certification” by the International WELL Building Institute in 2022
  • 100% use of renewable energy since April 2024

Phase 3

  • Nearly 100% use of low carbon emissions steel for all above ground structural steel (to be manufactured into columns and beams) and reinforcement bars, marking the first commercial real estate project in mainland China and achieving 35% reduction in the steel’s embodied carbon compared to conventional steel alternatives
Architect and interior design consultant Phase 1 to 3: Kohn Pedersen Fox (KPF)

Hashtag: #HangLung #Plaza66

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

About Plaza 66, Shanghai

Plaza 66 is a landmark mixed-use development located in Shanghai’s prestigious Nanjing Road West business district, with a total gross floor area of over 210,000 square meters. The complex features a high-end mall and two Grade A office towers. The mall houses over 120 leading international brands and a diverse array of dining establishments. Its Phase 3 expansion, currently under construction, will add 13% more retail space based on leasable floor area and is scheduled to open in the second half of 2026. The office towers host approximately 100 tenants, including the China headquarters of renowned multinational corporations in consumer goods, professional services, and finance, as well as leading domestic enterprises.

About Hang Lung Properties

Hang Lung Properties Limited (SEHK 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 premium positioning under the “66” brand, the Company’s mixed-use developments in Mainland have established their leading position as the “Pulse of the City”. Hang Lung Properties is also recognized for leading the way in enhancing sustainability initiatives in the real estate industry, all the while pursuing sustainable growth by connecting customers and communities.
At Hang Lung Properties – We Do It Well.
For more information, please visit .

GREE Opens Singapore Office to Drive Asia-Pacific Expansion with World-Class Air Conditioning Technologies


SINGAPORE- Media OutReach Newswire – 26 June 2025 – Global electronics manufacturer GREE has officially launched its Singapore branch, marking a key milestone in its expansion in Southeast Asia.

GREE was recognised as the global leader in split air conditioners in 2024 by Euromonitor International.
GREE was recognised as the global leader in split air conditioners in 2024 by Euromonitor International.

Widely recognised as the global market leader in air conditioning, GREE has held the top market share in household air conditioners for 18 consecutive years, according to Euromonitor International. Backed by 46 cutting-edge technologies developed entirely in-house, GREE’s commercial air conditioning systems span 10 major series and thousands of models, comprehensively serving a wide range of environments, from super high-rise buildings and large transport hubs to data centres, hospitals, factories, and industrial sites.

GREE has also maintained the No. 1 position in China’s central air conditioning market for 13 consecutive years. In 2024, it captured over 15% of the market, leading the sales rankings among mainstream brands. Notably, its modular units, variable refrigerant flow (VRF) systems, and unitary air conditioners achieved market shares of 12.7%, 20%, and 35.6%, respectively. These strong results further reinforce GREE’s position as a global air conditioning leader, driven by continuous innovation and comprehensive, scenario-based solutions.

Singapore as a Strategic Gateway for GREE’s Expansion

  • Driving the Global Expansion of GREE’s with Singapore as a Strategic Hub

In recent years, GREE has focused on expanding its presence in overseas markets, particularly in ASEAN countries such as Malaysia and Indonesia. As of today, self-branded products account for 70% of the company’s total export volume. As the heart of Southeast Asia, a key financial and trade hub, Singapore serves as a strategic base for GREE’s regional expansion. Moving forward, GREE Singapore will spearhead strategic planning, investment, and market research, while driving business development to bring the company’s innovative cooling solutions across the region.

  • Anchoring Singapore’s High-Standards Market as a Launchpad for Global Innovation

Singapore upholds the world’s highest standards for energy-efficient air conditioning technologies, such as the Green Mark Platinum certification. It is also a hub for top global design consultants like Arcadis and Arup, providing an ideal platform for the incubation and validation of advanced technical solutions.

With its groundbreaking technology, GREE’s “Zero Carbon Source” photovoltaic storage direct current soft load system has achieved an industry-leading photovoltaic direct-drive utilisation rate of 99.04%. Meanwhile, its permanent magnet synchronous variable frequency water chiller is the first Chinese brand to be installed at GlobalFoundries’ semiconductor facility, a testament to the strong alignment between GREE’s innovations and local standards. By using Singapore as a springboard, GREE is well positioned to promote its self-developed, world-class technologies globally.

  • Strengthening Local Service Capabilities Through Direct Operations

The GREE Singapore team will establish a comprehensive three-pronged service framework. This includes a streamlined after-sales system to ensure prompt and efficient customer support, as well as the development of a regional technical training programme in collaboration with local higher education institutions. Additionally, GREE will work closely with local distributors to deliver an integrated purchasing experience that combines hands-on product demonstrations with robust technical support.

Recognising the humid and coastal climate of Southeast Asia, GREE will also introduce customised solutions such as its Black Fin technology, which significantly enhances corrosion resistance and extends product lifespan.

GREE celebrates the opening of its Singapore office, marking a key milestone in its APAC expansion.
GREE celebrates the opening of its Singapore office, marking a key milestone in its APAC expansion.

GREE’s First Wave of Products Debuts in Singapore

With the official inauguration of the GREE Singapore Branch, the company has introduced its first wave of products to the local market. The launch includes the CHARMO split wall mounted series, FREE MATCH systems, and variable refrigerant flow (VRF) solutions, all equipped with customised and practical technologies tailored to meet the specific needs of Singaporean consumers.

  • Enhanced Durability with Black Fin Condenser Technology

GREE products are equipped with advanced Black Fin technology, offering 67% greater corrosion resistance compared to traditional blue fin heat exchangers. This makes them particularly well-suited for island climates like Singapore, delivering longer service life and enhanced performance in humid conditions.

  • Advanced Filtration for Healthier Living

GREE’s air conditioners are equipped with a multi-layer filtration system featuring tri-color filters, PM2.5 filters, and advanced plasma (Colasma) technology. Together, these features effectively eliminate dust, bacteria, and allergens to ensure cleaner, healthier indoor air. This integrated purification system reflects GREE’s commitment to enhancing home environments and promoting long-term wellbeing through innovative design.

  • Intelligent Self-Cleaning and Easy Maintenance Design

GREE air conditioners are thoughtfully designed with self-cleaning functions and easy-to-clean features, reducing maintenance efforts while consistently maintaining high air quality. Equipped with intelligent i-Feel sensing technology, the units automatically adjust temperature settings based on real-time room conditions to ensure optimal comfort. Through the GREE+ app, users can conveniently manage their air conditioners and other smart home devices remotely, as well as monitor energy usage. Wi-Fi connectivity enables seamless, precise control of the home environment for a truly smart and comfortable living experience.

Local Availability

Details on local pricing and products are available from GREE’s authorised partners in Singapore:

Authorised Partners Address Contact
L–Tech Aircon Services Pte Ltd 38 Woodlands Industrial Park E1 #01, #10, Singapore 757700 6766 3220
City Wide Pte Ltd 63 Woodlands Industrial Park E2 #01–01 Nordix, Singapore 757478 6459 5585
Air Venture Airconditioning Pte Ltd 77 Woodlands Industrial Park E2 Nordix, Singapore 757485 6465 3188
Poh Meng Engineering Pte Ltd 10 Kaki Bukit Road 1 #03–02/06 KB Industrial Building, Singapore 4161 6457 4373
Kim Huat Refrigeration & Electrical Pte Ltd 1034 Eunos Ave 5 #01–42, Singapore 409743 6344 6016
Goh Sin Huat Electrical Pte Ltd 49 Kaki Bukit Pl, Eunos Techpark, Singapore 416227 6467 4833
Aston Air Control Pte Ltd Block 5 Jurong West Ave 5, #02–04, Singapore 649483 6298 0682
Coldworld Engineering Pte. Ltd. 1 Kaki Bukit Avenue 3 #05–02 KB–1, Singapore 416087 6844 3997

With authorised partners located across Singapore, GREE customers can access air-conditioning products, installation services and technical support. For further assistance, customers may also contact the GREE hotline at 6816 9090.

Looking ahead, GREE’s new Singapore office firmly anchors the company’s strategic pivot to the Asia-Pacific region. As a global leader in air conditioning, GREE is committed to enhancing modern living in Singapore through energy-efficient technologies and premium products that meet the country’s high standards. Leveraging Singapore’s position as a regional hub, GREE aims to build an extensive business network across Southeast Asia, expanding its global footprint while advancing sustainable innovation throughout the region and beyond.

Hashtag: #GREE

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

About GREE

Founded in 1991, GREE Electric Appliances Inc. of Zhuhai is one of the world’s largest manufacturers of air conditioners and smart home appliances. Headquartered in Zhuhai, China, GREE integrates independent research, development, and production across its full product line, including residential and commercial HVAC systems, air purifiers, water heaters, and smart home technologies.

GREE’s products are sold in over 160 countries, and the company has held the No.1 global market share in household air conditioners for 18 consecutive years (Euromonitor International). With more than 90,000 employees worldwide and a reputation for innovation, energy efficiency, and high-quality manufacturing, GREE is committed to delivering intelligent, sustainable solutions that improve lives and protect the planet.

GREE Singapore marks the company’s first direct presence in the country and serves as a strategic hub for Southeast Asia. The branch leads local operations, customer service and regional business development, bringing GREE’s advanced energy efficient air conditioning solutions closer to Singaporean consumers and partners.

Two Lao Nationals Detained in Thailand with Wildlife Carcasses in Trafficking Crackdown

The Thai authorities were confiscated carcasses of wildlife animal. (Photo: Khaosod)

Thai officials have arrested two Lao nationals caught trafficking over 100 kilograms of wildlife carcasses in Chiang Rai Province, near the Lao-Thai border on 25 June.