Acquisition expected to add a further GBP1.7m in revenue and GBP430k in EBIT to the Group each year whilst strengthening the Engineering vertical.

LONDON, UK – EQS Newswire – 5 November 2021 – MBH Corporation plc (MBH), a diversified investment holding company, has today announced it has agreed to the terms for the acquisition of Approved Air Ltd in the UK, as the most recent step in its extensive acquisition drive. Subject to regulatory approval, Approved Air will be part of MBH’s Engineering vertical business line.

With this acquisition and the continued diversification of companies becoming part of the MBH Corporation, the MBH portfolio now stands at 27 companies across 8 industry sectors and five countries.

Established by David Williams in 1998 as DWCS in Somerset, UK, and becoming Approved Air in 2010, the company provides high quality validation/verification testing of medical facilities to ensure compliance with Health Technical Memorandums [HTM’s] and as independent specialists gives objective assessments and supports with improvement plans to keep both patients and staff safe. Specific services include particle counting, duct dust sampling, CO & CO2 monitoring, active air sampling and temperature & humidity testing amongst other essential services.

Within healthcare establishments, with the life expectancy of buildings and equipment forever being extended, there is a need for more robust monitoring and management of systems and processes to keep patients and staff safe. Having partnered with several NHS Trusts over many years, Advanced Air delivers a safe and efficient service with the flexibility required within an NHS Trust environment.

Approved Air’s unaudited revenues for full year 2021 were GBP1.7m. The total consideration for the acquisition of Approved Air will be approximately GBP2.7m to GBP3.4m which will be settled by way of a listed bond in accordance with the MBH bond programme with the following terms:

• 5-year maturity with principal payable at maturity; and
• 5% coupon rate per annum payable semi-annually

David Williams, Director, Approved Air commented: “Becoming part of MBH and a PLC is a logical and exciting next move for us. We are operating in an important area that has had further light thrown on it from the on-going global pandemic situation. Becoming part of the MBH Corporation should allow us to be even more successful in winning important contracts with healthcare establishments”.

Callum Laing, CEO, MBH Corporation Plc, said: “Not only am I pleased to welcome such a successful company as Approved Air to the MBH Corporation, but it’s also particularly satisfying to welcome a company that is involved in such important work to support healthcare establishments across the UK. David and Caroline Williams and their team have an exciting future ahead”

Bond Programme and Number of Shares on Issue

MBH has utilised approximately EUR35m of its bond programme leaving a balance of EUR15m to be utilised if required.

The number of shares issued at the date of this release is 80.7 million.

Approximately 70% of MBH shares are owned by the Principals in the Group. To further support the company, it is estimated that at least 40% of the Group Principals are engaged in repeat monthly purchases of shares on-market.

About Approved Air

Approved Air provides high quality validation/verification testing of medical facilities to ensure compliance with Health Technical Memorandums [HTM’s] and as independent specialists give objective assessments and support with improvement plans to keep both patients and staff safe. Specific services include particle counting, duct dust sampling, CO & CO2 monitoring, active air sampling and temperature & humidity testing amongst other essential services. The company was established by David Williams in 1998 in Somerset, UK.

www.approvedair.co.uk

About MBH

MBH Corporation plc (M8H:GR) is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges and the OTCQX in New York (MBHCF). The company acquires small to medium enterprises across multiple geographies and sectors that are well established, profitable and looking to scale. By leveraging the Agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent and accretive acquisition of excellent companies.

www.mbhcorporation.com

#MBH

KUALA LUMPUR, MALAYSIA – Media OutReach – 5 November 2021 – Building on the excitement from the PUBG MOBILE PRO LEAGUE MY/SG SEASON 4 (PMPL MY/SG S4) where Geek Fam was crowned Champion, PUBG MOBILE Esports is launching its first-ever awards show, the PMPL MY/SG S4: Golden Bullet Awards in collaboration with MDEC and eGG Network. Happening at the MYCDF 2021 on 1st – 30th November 2021, PUBG MOBILE fans can vote for their favourite nominees from now till 12 November 2021 at MYDCF 2021 cyber world.

Golden Bullet Awards – PUBG

Aiming to honour the greatness and creativity of players, teams, and talents in the PUBG MOBILE esports scene, the Golden Bullet Awards will recognise a wide range of categories, featuring the best players and talents in the recent PMPL MY/SG S4. In addition to official recognition by PUBG MOBILE Esports, each winner will receive a Golden Bullet Trophy Award.

“During these challenging times, we have witnessed tremendous growth of the local esports industry, thanks to the opportunity it provided for our fans to stay excited and connected. This was demonstrated by the success of PMPL MY/SG Season 3 & 4. With over 36 days of competition and 13,000,000+ watch hours, we saw the local esports community come together in excitement and camaraderie. As such, we want to continue the excitement for our fans by participating as a Legendary Partner in MYDCF 2021, in collaboration with MDEC. As the only game in the Legendary category, fans will be able to take part in the Golden Bullet Award and vote for their favorite talents, players and teams and experience the PUBG MOBILE booth.” said Oliver Ye, Director of PUBG MOBILE SEA.

“MDEC would like to engage with youths and communities, in our continuous support towards digital content. And for that, we thank PUBG MOBILE for their involvement with MYDCF and their continuous support and effort to rally the gaming community with events and activities like the Golden Bullet Awards and various esports initiatives.” said Gopi Ganesalingam, MDEC’s Chief Digital Industry Officer (CDIO)

The list of category and nominees for PMPL MY/SG S4 Golden Bullet Award are:

PUBG MOBILE fans can participate in MYDCF 2021 to vote for their favorite teams, talents and players. To participate in MYDCF 2021, PUBG MOBILE fans can visit https://mydcf.my/  to sign up and experience MYDCF 2021 anywhere through phone and PC.

The final results for PMPL MY/SG S4: Golden Bullet Awards will be unveiled during the official live stream on PUBG MOBILE Malaysia’s official Facebook and Youtube channels, as well as eGG Network channel (Astro CH800) on 28th November 2021 from 5PM to 6PM.

PMPL MY/SG S4 Golden Bullet Award is hosted by PUBG MOBILE in collaboration with MDEC and eGG Network, for bringing this exciting Award in MyDCF 2021 to Malaysia and Singapore.

MYDCF, MY Digital Creativity Festival is a combined animation and game community based virtual festival to celebrate the digital creative content industry ecosystem in Malaysia and the rest of South-East Asia throughout the month of November 2021.

MDEC, Malaysia Digital Economy Corporation (MDEC) is an agency under the Ministry of Communications and Multimedia Malaysia (KKMM) with a close to 25-year track-record of successfully leading the ICT and digital economy growth in Malaysia.

eGG Network is a Malaysian pay television channel that was launched on 7 June 2016. This channel focuses on e-sports and broadcasts electronic games tournaments live around the world.

For live updates and more information regarding PMPL MY/SG SEASON 4 Golden Bullet Award, visit and follow PUBG MOBILE Malaysia’s official platforms on:

●       Facebook: PUBG MOBILE Malaysia

●       Facebook: PUBG MOBILE Esports Malaysia

●       YouTube: PUBG MOBILE Malaysia

●       Instagram: @pubgmobilemyofficial

About PUBG MOBILE

PUBG MOBILE is based on PLAYERUNKNOWN’S BATTLEGROUNDS, the phenomenon that took the world of interactive entertainment by storm in 2017. Up to 100 players parachute onto a remote island to battle in a winner-takes-all showdown. Players must locate and scavenge their own weapons, vehicles and supplies, and defeat every player in a visually and tactically rich battleground that forces players into a shrinking play zone. For more information, please visit the official PUBG MOBILE accounts on Facebook, Twitter and YouTube.

Facebook: PUBG MOBILE Malaysia

Facebook: PUBG MOBILE Esports Malaysia

YouTube: PUBG MOBILE Malaysia

Instagram: @pubgmobilemyofficial

#PUBGMOBILE

SINGAPORE – Media OutReach – 5 November 2021 – Global technology leader Cisco and National University of Singapore (NUS) today launched a Corporate Laboratory to boost innovation and research in key technology areas. Established with an investment of S$54 million over five years, the Cisco-NUS Accelerated Digital Economy Corporate Laboratory is supported by National Research Foundation, Singapore (NRF Singapore).

Launch of the Cisco-NUS Accelerated Digital Economy Corporate Laboratory on 5 November 2021

Front Row (left to right):

Mr Andy Lee, Managing Director, Singapore and Brunei, Cisco

Mr Gan Kim Yong, Minister for Trade and Industry

Professor Tan Eng Chye, NUS President

Back Row (left to right):

Mr Naveen Menon, President, ASEAN, Cisco

Mr Irving Tan, Chairman, Asia Pacific, Japan and China, Cisco

Professor Ho Teck Hua, NUS Senior Deputy President and Provost

Professor Chen Tsuhan, NUS Deputy President (Research and Technology)

Photo Credit: Cisco-NUS Corporate Laboratory

Minister for Trade and Industry Mr Gan Kim Yong graced the launch ceremony, which was held at NUS earlier today, as the Guest-of-Honour.

Based in the NUS Kent Ridge campus, the Corporate Lab will bring together talent from NUS and Cisco to focus on five strategic research areas, with the aim to boost Singapore’s knowledge-based innovation-driven digital economy. The focus areas are:

• Artificial Intelligence (AI): Exploring usage of technologies like machine learning to transform and scale customer service operations of large businesses
• Healthcare: Developing an enabling network and intelligent infrastructure for healthcare in hospitals and at home
• Cybersecurity: Strengthening Critical Information Infrastructure through research into advanced, network-centric cyber threat detection
• Urban Infrastructure: Developing architectures and solutions to support design and operation of urban infrastructure and smart industries
• Future Workforce and Productivity: Driving productivity by understanding who needs to learn, how they learn, and how to generate skills and competencies needed for a future-ready workforce

Please refer to the Annexe for more information on the research projects that the Corporate Lab will undertake.

These technologies are key not just in relation to successful digital transformation of businesses but also to efforts of governments across the world as they look to digital adoption to improve citizen services. This is especially critical right now as companies and countries prepare for a post-pandemic future where digital-first interactions, a hybrid workforce, and smart urban infrastructure are likely to become ubiquitous. The success of all these trends will be underpinned by cybersecurity and the ability of businesses and governments to keep critical information infrastructure safe from malicious actors.

Naveen Menon, President for ASEAN at Cisco, said, “Over the past 18 months, we have seen the role technology has played in keeping the world running as we grappled with the pandemic. As we prepare for a post-pandemic future, one thing is clear – technology will be central to every aspect of businesses and governments, and their interaction with consumers and citizens. In this digital-first era, building local innovation capabilities that deliver globally relevant solutions will be critical to the success of countries. At Cisco, we are delighted to have the opportunity to play our part in Singapore’s growth through this collaboration with NUS.”    

Singapore is among the global leaders in adoption of technology through its Smart Nation initiative, which focuses on Digital Economy, Digital Government, and Digital Society. These are respectively aimed at: digitalising industries to increase business efficacy and create new jobs and opportunities; using data, connectivity and computing decisively to transform the way citizens and businesses are served, and the way public officers are enabled to contribute fully to their work; and digital inclusion to ensure all Singaporeans have access to technology and are equipped with the skills to use it safely and confidently.

Professor Tan Eng Chye, President of NUS, said, “Digital transformation is an inevitable direction for businesses and societies, and this has been accelerated by the COVID-19 situation. We need to be nimble and innovative to reap the benefits of digitialisation. Data sciences, artificial intelligence, cybersecurity, optimisation and analytics are NUS’ key research strengths. We are therefore very excited to partner Cisco to jointly create scalable systems solutions and capabilities to capitalise on data and artificial intelligence technology to improve our living environment, create economic opportunities, and build a more connected and resilient society.”

Professor Low Teck Seng, Chief Executive Officer of NRF, said, “The Cisco-NUS Corporate Lab will develop critical digital capabilities across multiple domains including healthcare, cybersecurity, urban infrastructure, which are strategic and important areas of research for Singapore to ensure Singapore continues to maintain our competitiveness as a global Smart Nation. This partnership will help foster stronger industry-research ties, and pave the way for more industry-research collaborations within our science and technology ecosystem.”

Liz Centoni, Executive Vice President, Chief Strategy Officer, and GM, Applications at Cisco, added, “As we move into the digital-first future, businesses have a unique opportunity to leverage the advancements in technology to solve key issues, opening up new revenue and growth opportunities. At Cisco, we firmly believe that innovation can happen anywhere. That is why we are committed to working with partners worldwide to develop and commercialise next-generation technologies and solutions so they can benefit users everywhere. We are delighted to have the opportunity to work with NUS on this initiative in Singapore.”

Developing technology enablers for a smarter Singapore

The Corporate Lab is led by Mr Jeremy Lim, Manager of the Cisco Singapore Co-Innovation Center, and Associate Professor Biplab Sikdar who is a faculty member of the NUS Department of Electrical and Computer Engineering, as Co-Directors.

The Corporate Lab will employ and train more than 100 researchers, analysts, engineers and students to work on 15 research projects. It will also provide scholarships for doctoral students who will work on projects associated with the Corporate Lab.

In addition, the Corporate Lab aims to deliver 17 new technology solutions, 12 improved products and services in areas such as AI, healthcare, supply chain, urban infrastructure and cybersecurity, and also benefit/partner at least 100 Singapore-based companies to use and refine the developed solutions.  

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide technology leader that has been making the Internet work since 1984. Our people, products, and partners help society securely connect and seize tomorrow’s digital opportunity today. Discover more at newsroom.cisco.com and follow us on Twitter at @Cisco.

About National University of Singapore

The National University of Singapore (NUS) is Singapore’s flagship university, which offers a global approach to education, research and entrepreneurship, with a focus on Asian perspectives and expertise. We have 17 faculties across three campuses in Singapore, with more than 40,000 students from 100 countries enriching our vibrant and diverse campus community. We have also established our NUS Overseas Colleges programme in more than 15 cities around the world.

Our multidisciplinary and real-world approach to education, research and entrepreneurship enables us to work closely with industry, governments and academia to address crucial and complex issues relevant to Asia and the world. Researchers in our faculties, 30 university-level research institutes, research centres of excellence and corporate labs focus on themes that include energy; environmental and urban sustainability; treatment and prevention of diseases; active ageing; advanced materials; risk management and resilience of financial systems; Asian studies; and Smart Nation capabilities such as artificial intelligence, data science, operations research and cybersecurity.

For more information on NUS, please visit www.nus.edu.sg.

#Cisco #NationalUniversityofSingapore