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Terraoil Prepares New Corporate Structure

New Structure to Provide Benefits to All Shareholders

STEINHAUSEN, SWITZERLAND – EQS Newswire – 22 August 2022 – Terraoil Swiss AG, an energy company with a strong focus on the Mediterranean is pleased to announce that preparations for a new holding structure have commenced which is expected to provide equal benefits to all shareholders.

After successfully receiving the ruling from the Swiss tax authorities, to support the transaction for all shareholders, as well the engagement of auditors in Liechtenstein we are happy to announce the completion of the first step. The new structure involves the establishment of a new holding company (Topco) in which all shareholders will be provided the opportunity to exchange their shares in Terraoil Swiss AG (TOS) for shares in Topco.

Upon successful completion of the share exchange the shareholders of TOS will become shareholders of Topco and it is the objective that Topco will finally own 100% of the shares in TOS. Shareholders will have the same ownership percentage in Topco as they held in TOS. The restructuring involves no transfer of assets into or out of TOS and TOS will remain the owner of the Petroleum Agreement for the Visoka field in Albania. Shareholders will be provided with further details about the next steps in due time.

Chief Executive Officer, Peter Krempin commented:

“We have been preparing the Company for the international financial markets since 2018. Macroeconomic factors delayed our plans but not our planning. We have now proceeded with the establishment of our new top holding company in Liechtenstein, a neighbouring country with financial markets embedded in the European Economic Area (EEA). The new structure will provide benefits to Swiss and international investors which we believe will assist the Company in realizing its financial and operational objectives.”

If you are an Terraoil shareholder and would like additional information, contact Peter Krempin either via email investors@terraoil.swiss or by telephone at +41 71 544 01 20.

Hashtag: #Terraoil

About Terraoil Swiss AG

Terraoil is an international energy company with a focus to identify and rapidly advance business opportunities in the upstream oil and gas and renewable energy sectors in the Mediterranean region.


Terraoil forward-looking statements

This media release serves informational purposes and constitutes neither an offer to sell nor a solicitation or an advertisement to buy any shares of Terraoil Swiss AG in any jurisdiction. This media release does not constitute a prospectus within the meaning of Article 35 et seqq. of the Swiss Federal Act on Financial Services. In addition, investors should seek advice from their bank or their financial adviser. This media release and the information contained therein are not being issued for the purpose of selling shares in the United States of America, Australia, Canada, Japan, the United Kingdom, or the European Economic Area and must not be distributed within or to such countries or via publications with a general circulation in such countries.

This media release contains forward-looking statements such as projections, forecasts, and estimates. Such forward-looking statements are subject to certain risks and uncertainties which may cause actual results, performance, or events to differ materially from those anticipated in this media release. Readers should therefore not rely on these forward-looking statements. The forward-looking statements contained in this media release are based on the views and assumptions of Terraoil Swiss AG as of this date and Terraoil Swiss AG does not assume any obligation to update or revise this media release.

Myanmar to Import Fuel from Russia

Myanmar's General Min Aung Hlaing meets with Russia’s Foreign Minister, Sergey Lavrov in Yangon (Reuters).
Myanmar's General Min Aung Hlaing meets with Russia’s Foreign Minister, Sergey Lavrov in Yangon (Reuters).

Myanmar’s military government plans to import fuel from Russia in an effort to alleviate supply concerns and rising prices.

Shopee Reveals Malaysians’ Impact on E-Commerce

More than 80% of Shopee’s Sellers Are Building Consumer Loyalty With Value Beyond Price

KUALA LUMPUR, MALAYSIA – Media OutReach – 22 August 2022 – A new study of over 3,300 buyers and 2,100 sellers across Malaysia by online marketplace platform Shopee on its users, examines the impact Malaysians are making on the economy through their continued online shopping behaviours. Celebrating the Heart of Malaysia on E-Commerce marketplace survey from 19 July to 17 August in 2022, found that for four in ten local sellers, Shopee is their only business channel in this economy.

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The timely study highlights the importance of income generated online. 45% of Shopee’s community of sellers surveyed concede that it enables them to support their family (providing for living essentials, education, lifestyle), about 26% save and invest this income for rainy days ahead, and the remainder use it to sustain a better quality of life, keep staff employed, and enhance their personal development.

More than eight in ten participating sellers attribute the long-term success of their store not to discounts offered, but to locally tailored shopping experiences: ‘Very straightforward buying and fulfilment process’ on Shopee (34%), the recognition of Made in Malaysia products as affordable and of high quality (23%), great customer service (19%) and optimised storefront with Shopee’s marketing tools (9%).

Celebrating the Heart of Malaysia on E-Commerce survey underscores how Malaysian sellers continue to succeed and build financial security by selling on online marketplaces like Shopee. It’s important for business owners to understand that Malaysian shoppers do have motivations beyond price for shopping online. They can create more loyalty and engagement simply by matching their offerings and content with buyer values,” said Kenneth Soh, Head of Marketing Campaigns at Shopee Malaysia.

One of the clearest findings of this study is that despite the reopening of the economy, nine in ten Malaysian shoppers still prefer online shopping. In fact, more than half of shoppers on the platform have adopted online shopping more permanently: 21% feel it is now a habit, 17% say they can easily find readily available stocks online, and 14% want to access choices that are not available offline in their specific location. 43% of shoppers value shopping around online to compare prices in this inflationary environment.

Getting items delivered faster is the strongest reason for Malaysian buyers to shop from local sellers (42% of buyers). 20% feel strongly about supporting Made in Malaysia goods to keep the economy running in Malaysia, 19% have preferences for locally tailored products and 11% believe in the quality of locally sourced and made goods.

Not all shoppers prioritise discounts and vouchers exclusively. In fact, seven in ten Malaysian buyers equate peace of mind with online shopping with Shopee. 40% express this as ‘the convenience and flexibility of having parcels delivered to my doorstep’. 17% feel safer as ‘Shopee Guarantee ensures my transaction is safe and secure because money is not released to the seller until I confirm receipt’ and 10% study reviews and pictures left by other customers.

The study, which will be shared in more detail on 25 August 2022, also dives deep into key learnings about how much Malaysian shoppers save online, the role of these savings given the current economic environment, and what drives their seller preference. Findings can be utilised by businesses to build long-term loyalty with consumers. Shopee Malaysia’s ‘Celebrating the Heart of Malaysia on E-Commerce’ is the first in a series and will be built upon in the coming months.

Hashtag: #Shopee

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia & Taiwan. Shopee promotes an inclusive and sustainable digital ecosystem by enabling businesses to digitalise and grow their online presence, helping more people access and benefit from digital services, and uplifting local communities.

Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping homegrown brands and entrepreneurs succeed in e-commerce.

Shopee is part of Sea Limited (NYSE: SE), a leading global consumer internet company. Sea’s mission is to better the lives of consumers and small businesses with technology through its three core businesses: Shopee, Garena and SeaMoney.

Lao Artist Reprimanded for Satirical Song

Tar Jet Hai, a comedian and artist on social media, singing his new music release.

Tar Jed Hai, a Lao musician and comedian, has been reprimanded by authorities for creating a satirical version of a traditional wedding song. 

Hantec Group showcases all-new global brand identity

Marking a dynamic new growth phase built on foundation of 3-decade heritage

HONG KONG SAR – Media OutReach – 22 August 2022 – Hantec Group today unveiled a global rebranding campaign and renewed growth strategy to direct the Group’s next phase of dynamic development. Hantec Group also announces that a new branch company will be established in Santiago, Chile in South America on 1 October 2022, marking another milestone in the Group’s global journey. The rebranding exercise includes a new corporate identity which will be adopted across the Hantec financial, as well as IT, culture & art, and lifestyle consultancy businesses in 19 markets worldwide.

Hantec Group CEO Freddy Lau Hoi-kit unveiled the company’s global rebranding campaign in Hong Kong on 19 August 2022.
Hantec Group CEO Freddy Lau Hoi-kit unveiled the company’s global rebranding campaign in Hong Kong on 19 August 2022.

“Aligning with Hantec Group’s global development and mindset, we have redesigned our corporate logo which we have used for 32 years. The new identity retains the signature Red as the dominant colour,” said Freddy Lau Hoi-kit, chief executive officer of Hantec Group. “Red is bold, impactful but warm, and has always been a core part of the Hantec personality. New visual elements of angles and rounded corners give our brand a dynamic and confident new look.”

The combination of a bold design with its legacy DNA represents an updating of the Hantec identity to resonate with new audiences globally. While the 67.5° dynamic angle symbolises Hantec’s forward-thinking and drive to power ahead in the ever-changing marketplace, it also signifies a commitment to ‘doing the right thing the right way’. As Hantec challenges the status quo, it carefully weighs all influencing factors, and utilises its knowledge to arrive at informed business decisions.

The Group was founded in Hong Kong in 1990 as a finance house, and has since grown into a global presence now operating in 19 cities. “In addition to our development in South America, our next phase of growth will also focus on Southeast Asian markets, with a pipeline of business developments in Vietnam, Malaysia, Thailand and the Philippines under the Hantec Financial brand. Subsequent to the rebranding campaign launch, a series of sponsorship and marketing initiatives will be unveiled in Hong Kong and globally,” Mr Lau added.

The Group looks forward to pressing ahead with its dynamic cross-sector growth journey into its next development phase.

About Hantec Group: https://www.hantecgroup.com
Hashtag: #HantecGroup

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

Time-served Hong Kong Vocal Coaching Leader SeanyMac Launches New Location and Kids’ Singing Class

HONG KONG SAR – Media OutReach – 22 August 2022 – SeanyMac, a premier voice coaching lesson provider in Hong Kong, announced the grand opening of its newest location in Wan Chai, together with the launch of a new kids’ singing class. The spacious, new location extends SeanyMac’s physical coverage to Wan Chai, allowing more room for nurturing young, aspiring singers in Hong Kong along with the commencement of new children singing lessons. The team would be based in the new location from September 2022 onwards.

Situated at the heart of Wan Chai, the new location boasts 2,000 square feet of space that accommodates six classrooms along with an enlarged waiting area and private men’s/women’s restrooms. Moving into this new location enables more space for vocal tutors to offer better assistance to students, echoing with SeanyMac’s mission of unleashing singing talents at all levels, from beginners to professionals.

The detailed address of SeanyMac’s new location is as follows:
Studio 2B, 2/F, CKK Commercial Centre, 289 Hennessy Road, Wan Chai, Hong Kong

In line with the opening of its new location, SeanyMac expands its dedication to vocal coaching for different age groups with the launch of a specially designed kids’ singing class in Hong Kong. Designed to bring out the inner vocalists in kids, the new singing class aims to eventually help children grow and boost their confidence in handling life obstacles with the power of vocal performance lessons. Parents can expect professional vocal coaching sessions for kids, instructed by seasoned teaching staff based in Hong Kong. As a team, the tutors bring to the table a combination of extensive stage performance and coaching experience.

The new children singing lessons will commence on Saturday, 3rd of Sep 2022 with the following schedule:

Saturdays Sundays Tuesdays Wednesdays
Peekadoodles 11:00 AM 11:00 AM 4:00 PM /
1:00 PM 1:00 PM
Mega Stars 12:00 PM 12:00 PM / 4:00 PM
2:00 PM 2:00 PM

Making the most out of the new Wan Chai location, kids will kickstart their singing and vocal adventure with classes taught in a dedicated 300-square-foot kids’ group classroom.

Founded by Sean Oliver, an accomplished vocal coach with a professional career spanning over 30 years, SeanyMac works together with top-level artists in the Asia-Pacific region. From voice techniques to stage presence, SeanyMac’s teaching staff assist in improving all aspects of a vocal performance by offering a vast array of services including private vocal lessons, artist development, and online and offline singing classes. SeanyMac Studios has been coaching some of Asia’s top artists since 2017. Its team has been devoted to supporting renowned singers such as Sandy Lam, A-Mei, Sammi Cheng, Elva Hsiao, Fiona Sit and many more, to further utilise their vocal strength. SeanyMac’s coaching method has been used for television programs, studio recording sessions and live performances.

“We’re honoured to be a part of motivating singers’ journeys in defining their identities as a performance artist. We always believe in the power of music in shaping a better life, and we’re glad to contribute our expertise and hope that everyone can experience it.” said Sean Oliver, Director of SeanyMac.

To learn more about SeanyMac, please visit seanymac.com.
Facebook: https://www.facebook.com/SeanyMacStudios/
Instagram: https://www.instagram.com/seanymacstudios/

Hashtag: #SeanyMac

Ice Cube Marketing is now a PSG Pre-Approved Vendor for Digital Marketing Solution

SINGAPORE – Media OutReach – 22 August 2022 – Ice Cube Marketing Pte Ltd, Singapore’s leading performance-based digital marketing agency, is pleased to announce that it has been appointed a pre-approved digital marketing vendor under the Productivity Solutions Grant (PSG).

The last two years have seen some significant changes on the digital front. The onset of Covid has accentuated the need for digital marketing. Ios14 update and increasing competition on Facebook and Google have raised the bar for businesses.

The PSG grant program has been expanded to include digital marketing solutions to help SMEs stay relevant and increase their revenue in this dynamic world.

Ice Cube Marketing specializes in helping SMEs acquire new customers through digital marketing efforts. “Most businesses do not know if they are losing money on their digital marketing campaigns. They go by gut feeling. We implore businesses to track their ROI from their digital marketing campaigns very closely.” says Ted Chong, co-founder of Ice Cube Marketing.

Through the use of an in-house CRM software, Ice cube Marketing helps its clients track the success of the campaigns down to dollars and cents. This provides a lot of clarity for business owners and helps them make good decisions.

This is made possible because of the use of a full sales funnel and proper marketing techniques that attract quality leads through the digital marketing campaigns that Ice Cube creates. Its lead generation service and social media marketing program are among the most well-received by SMEs.

“We actually have an average ROI of a minimum 5 times and we could not have done good or better business after the pandemic if it is not through Ice cube Marketing”, shared Fairoz, General manager of Parlour group.

Similarly, SMEs in healthcare, education, beauty, lifestyle and home improvement sectors have experienced stellar growth after adopting their digital marketing approach.

“Through PSG grant, we are glad to be able to serve more SMEs and help them use proper digital marketing approach to generate revenue instead of just getting likes and shares in their posts,” says Ted.

Hashtag: #IceCubeMarketing

About Ice Cube Marketing

Founded in 2015, is a Facebook partner and Google partner agency that helps SMEs run performance campaigns. Through the use of video and direct response copywriting techniques, Ice cube marketing has helped many SMEs get results from their campaign and garnered dozens of case studies.

Website:

Vientiane Capital Floods Again Following Heavy Rains

Residents in Vientiane Capital struggle with flash floods again this weekend.
Residents in Vientiane Capital struggle with flash floods again this weekend.

Several districts in Vientiane Capital have seen flash flooding after heavy rains swept across Laos yesterday evening.