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AIA Group establishes AIA Variable Capital Company in Singapore

SINGAPORE – Media OutReach – 9 April 2021 – AIA Group Limited (“AIA” or the “Company”: stock code: 1299) has established AIA VCC, a Variable Capital Company in Singapore as part of its group wide investment programme to facilitate capital deployment globally.

The Investment Manager of AIA VCC is AIA Investment Management Private Limited (“AIAIM”) that was established in 2016 as the Group level asset management company and with reported assets under management of SGD178 billion as at the end of 2020.

AIA is now exploring how the recently introduced VCC framework can support AIA’s investment programme with particular focus on balance sheet exposure to specialist and alternative investment strategies.

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR(1), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei, Macau SAR(2) and New Zealand, and a 49 per cent joint venture in India.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$326 billion as of 31 December 2020.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 38 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

VinBus Officially Operates The First Smart Electric Bus In Vietnam

HANOI, VIETNAM – Media OutReach – 9 April 2021 – On April 08th, 2021, VinBus Ecology Transport Services Limited Liability Company officially opened and put into operation the first smart electric bus in Vietnam. The first electric bus lines will operate in Vinhomes Ocean Park (Gia Lam) while waiting for finishing the procedures to connect with the city’s public passenger transport system in the coming time.



VinBus is an electric bus model manufactured and assembled by VinFast at the Automobile Manufacture Complex in Hai Phong, converging many modern technologies with the smartest and safest features according to the developing strategy of current VinFast’s smart electric bus series.

Buses with primary green, friendly design, affirming the orient of investment and development in VinFast’s ecosystem in smart means of transport by using green, environmental friendly energy and community health protecting.

As smart electric buses, VinBus provides passengers with an outstanding comfort and safe experience. Buses are equipped with the automatic system that controls the driver’s behavior and warns unsafe dangers; The automatic lowering mode of the bodywork suitable for the elderly, children, disabled persons, pregnant women …; Electronic board announces the upcoming stop; Free WiFi, USB charging port, entertainment monitor and security camera system and itinerary control, turning back alarm, parking monitoring…

VinBus owns a battery capacity of 281 kWh, capable of moving up to 220 – 260km. Buses can be quickly fully charged after only 2 hours at VinBus’s 150kW fast charging station system with the world’s leading charging technology provided by StarCharge.

All buses of VinBus will be managed and operated intelligently through centralized monitoring, charging, safety inspection, maintenance, repair, and automatic cleaning at Depot stations scientifically arranged according to VinBus’ primary lines. The construction standard of the Depot stations is on a campus of more than 1 hectare, the roof equipped with solar panels, ensuring energy supply for Depot activities, contributing to reducing the pressure load of the power source for the national power system, environmental protection.

“With the motto “Serving from the heart”, we believe that VinBus’ modern, smart, safe electric bus products and VinBus’ dedicated service will make a difference, not only enhance people’s travel experience; but also create a hit to change the community’s commuting habits; thereby reducing air and noise pollution, contributing to green traffic creation in Vietnam” – said by Mr. Nguyen Van Thanh, Deputy General Director of VinBu.

Firstly, VinBus will operate the internal line at Vinhomes Ocean Park, and with the approval of the state appropriate authority will open more bus lines to connect to the network and connect to the city’s public passenger transport system, serving a large number of people.

About VinBus

VinBus Ecology Transport Services Limited Liability Company is a member of Vingroup, established in 2019, with the charter capital of 1,000 billion Vietnamese dong, engaging in the public passenger transport field under the non-profit model. 100% of the company’s profits will be reinvested to develop its system, expand the operating area and improve service quality, in order to contribute to the construction of a civilized and modern public transport system, reduce air and noise pollution for Vietnam’s major cities.

Local Man Praised as Hero After Saving Eight During Yacht Accident

Mr Thongkhoun praised as a hero

A 28-year-old man is being hailed as a hero after saving eight people including former president Choummaly Sayasone following a tragic boat accident on Sunday.

Japanese Prime Minister Discusses Myanmar with Prime Minister of Laos

Japanese Prime Minister Yoshihide Suga calls Lao Prime Minister Phankham Viphavanh
Japanese Prime Minister Yoshihide Suga calls Lao Prime Minister Phankham Viphavanh.

Japanese Prime Minister Yoshihide Suga expressed deep concern over the situation in Myanmar in phone talks with the new Prime Minister of Laos, Phankham Viphavanh.

Agnei Iberico Stars in the Spanish Luxury Lamb Days in Hong Kong

HONG KONG SAR – Media OutReach – 9 April 2021 – The Spanish Interprofessional Sheep and Goat Meat Organization, through its European program “Luxury Lamb & Mutton. More than luxury meat” organises a culinary promotion campaign, from April 8th until the 22th in gourmet supermarkets and in the most prestigious restaurants in Hong Kong aiming to enhance the value of European lamb and conquer the most exquisite palates in this city.

Luxury Lamb & Mutton. More than luxury meat in Hong Kong.

The four City Super gourmet supermarkets in Hong Kong and six prominent restaurants are involved in this culinary promotion offering tasting of an exquisite dish made with Agnei Iberico, one of the best-known Spanish lamb. Agnei Iberico is a top-quality lamb, that comes from an ancient animal breed, native to the region of Aragón at the south of the Pyrenees, where it grows without stress in a relaxed environment to enhance their innate qualities.

The complete list of establishments involved is: Casa Pennington, La Paloma by El Willy, Monsoon, Pica Pica, Popinjays (at The Murray Hotel) and Nathan House. The campaign details can be found at the website www.luxurylamb.eu.

In addition, to publicise this initiative, a powerful digital advertising and outdoor campaign will be launched in which the country’s leading opinion leaders and influencers, as well as the most prestigious chefs, will collaborate and will be able to taste the uniqueness of Spanish lamb.

LUXURY LAMB FROM SPAIN

Spain is the leader in Europe in the production of sheep meat that currently exports to more than 70 countries. The Spanish sheep sector is committed to the search for the highest quality, always under the standards of the European Production Model, recognized for being the strictest in the world in terms of quality and food safety.

Spain has a privileged geographical location, a Mediterranean climate and a unique production system in the world, based on the use of pasture by breeding ewes and feeding lambs mainly with grain.

Spanish lamb stands out for its characteristic flavour, for its wide range of differential cuts and also for its nutritional properties. Mainly for its high content of proteins, vitamins B6 and B12 and being a source of potassium, niacin, selenium, phosphorus and zinc. In addition, by providing an adequate quantity and quality, never excessive.

The promotional program “Luxury Lamb & Mutton. More than luxury meat”, coordinated by INTEROVIC since 2018, takes place in the United Arab Emirates, Saudi Arabia, Hong Kong and Israel. In addition, it has the participation of several brands from the Spanish sheep sector such as Pastores Grupo Cooperativo, Agnei Ibérico, Murgaca, Emeat, Moralejo Selection and Spanish Lamb.

Edison Investment Research: Doctor Care Anywhere Group (DOC): Initiation – DOC from home

LONDON, UK – EQS Newswire – 9 April 2021 – Doctor Care Anywhere (DOC) is a fast-growing telehealth company focused on the private healthcare sector. 2020 was a transformational year for the company: it signed up major new partners, listed on the ASX, delivered triple-digit revenue and KPI growth and ended 2020 with strong balance sheet (£38.4m in net cash). We believe DOC is well placed to continue to grow by executing on management’s expansion strategy of increasing its activated customer base, developing new services and expanding into Europe and Asia. DOC currently trades at a significant discount to its peers, which we believe will narrow as the company builds up a track record on the market and executes on its growth potential.

DOC trades at 6.9x our 2021 revenue forecast on an EV/sales multiple, which is a sizable 60% discount to its peer group of global telehealth companies, which average 17.2x. However, our two-year forecast revenue CAGR of 80% is 34% ahead of the peer group average 60% growth rate. We believe this valuation discount to peers will reduce over the next 12–18 months, as DOC builds up a track record on the market and executes on its growth strategy.

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About Edison

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Double Win for BR Metals – Third Ranking in Singapore’s Enterprise 50 Awards 2021 and Top 500 High-Growth Companies Asia-Pacific 2021 by The Financial Times, Nikkei and Statista

SINGAPORE – Media OutReach – 8 April 2021 – BR Metals, a leading specialist in precious metals recycling, receives 2 acclaimed business accolades in a month. On 23rd March, the Company was awarded third ranking in this year’s Enterprise 50 (E50) Awards. It was the Company’s very first attempt at the prestigious E50 awards that recognised the top 50 Singapore-based, privately-held businesses that have contributed to building a more sustainable, resilient and inclusive nation through continuous innovation, even in these unprecedented times. Today, the Company was named one of the Top 500 High-Growth Companies Asia-Pacific 2021 – a ranking created by The Financial Times, Nikkei and Statista.

BR Metals MD, Mr Frank Chen (Left) with other award recipients at the Enterprise 50 Awards. PHOTO: BUSINESS TIMES

The E50 Awards are jointly organised by The Business Times and KPMG, sponsored by Oversea-Chinese Banking Corporation (OCBC) and supported by the Enterprise Singapore, the Singapore Business Federation and the Singapore Exchange.

The Top 500 list of Fastest-Growing Companies in Asia Pacific is a survey by The Financial Times, Nikkei and the data company, Statista. BR Metals is ranked 24th in the top 500 list of companies in a vast region covering 13 countries and millions of companies.

BR Metals Founder and Managing Director, Frank Chen’s steadfast commitment to sustainability while not losing focus on profitability has helped the company secure its top ranking in the E50 Awards and a notable mention by Dr Tan See Leng, Singapore Second Minister for Trade & Industry, and Manpower. “BR Metals recovers precious metals such as platinum and palladium from spent materials that can be used in new products. This reduces the need to mine for new metals, minimising the environmental impact and strengthening the industry’s resilience,” Dr Tan remarked. In addition, qualitative factors including business model, productivity and innovation, management ideals and governance, market branding and presence, and liquidity and risk management are also decisive factors in BR Metals’ win.

“We are honoured to be named one of the 50 most enterprising companies in Singapore, but to rank top three in the 2020 E50 Award is both poignant and humbling, especially in these challenging times. Making it to a respectable position in the Top 500 list of Fastest-Growing Companies in Asia Pacific comes as a very pleasant and welcome surprise. The E50 Awards and this recognition validate our vision and growth strategies, and is only made possible by the fortitude and passion of our team to succeed in the sustainability realm”, said Frank Chen. “I am most grateful to the jury at E50 for recognising our efforts, our customers for their steadfast belief in us and our staff for their dedication and hard work. We will strive to do better next year,” he added.

The E50 Awards and the Top 500 list of Fastest-Growing Companies in Asia Pacific are not the only accolades BR Metals received in 2021. Earlier this year, BR Metals secured a top 10 spot in Singapore’s Fastest Growing Companies, a survey by The Straits Times and Statista for a third consecutive year.

To find out more about the Enterprise 50 (E50) Awards 2020, please visit https://www.straitstimes.com/business/companies-markets/companies-must-remain-nimble-diversify-and-create-value-to-survive

For more details about the Top 500 list of Fastest-Growing Companies in Asia Pacific, please visit https://www.ft.com/high-growth-asia-pacific-ranking-2021

To read about how BR Metals carved out a niche for itself in the precious metals recycling realm, please visit https://www.businesstimes.com.sg/hub/enterprise-50-2020/br-metals-turns-trash-to-cash

For more information about BR Metals Pte Ltd, please visit www.brmetalsltd.com

For sales enquiries, please contact + 6261 6900 or email info@brmetalsltd.com

About BR Metals Pte Ltd

BR Metals is the leader in precious metal recovery. We set high industrial standards as a trusted partner that provides responsive services and creates sustainable value for clients.

Our operations in Guangzhou and Singapore purchase, process and analyse used catalytic converter, petrol-chemical catalyst, and other scrap materials to recover platinum, palladium and rhodium as well as other precious metals. We also provide recycling and precious metal analysis service for e-scraps.

We are committed to positively contribute to clients’ growth based on flexible arrangement, fair and transparent trading without compromising our commitment to the sustainability of precious metals and other finite resources.

CIFI’s contracted sales grew by 157% year-on-year to RMB26.00 billion in March 2021

HONG KONG SAR – Media OutReach – 8 April 2021 –


  • In March 2021, the Group achieved contracted sales of approx. RMB26.00 billion, representing a YoY increase of approx. 157% (compared to March 2020). Contracted GFA amounted to approx. 1,491,900 sq.m. and contracted ASP was approx. RMB17,400 / sq.m. in March 2021.
  • In the first quarter of 2021 (from January to March), the Group achieved contracted sales of approx. RMB56.70 billion, representing a YoY increase of approx. 153%. Contracted GFA amounted to approx. 3,401,100 sq.m.. Contracted ASP was approx. RMB 16,700/sq.m. in the first quarter of 2021.
  • In the first quarter of 2021, the distribution of the Group’s contracted sales:

City

RMB (Billion)

Percentages of total sales

Beijing

4.31

7.6%

Chongqing

3.54

6.3%

Hefei

3.29

5.8%

Wenzhou

3.22

5.7%

Suzhou

3.16

5.6%

Wuxi

2.76

4.9%

Changsha

2.76

4.9%

Wuhan

2.75

4.9%

Hangzhou

2.60

4.6%

Xiamen

2.30

4.1%

Fuzhou

1.87

3.3%

Ningbo

1.87

3.3%

Qingdao

1.81

3.2%

Xi’an

1.78

3.1%

Nanjing

1.44

2.5%

Chengdu

1.27

2.2%

Shanghai

1.23

2.2%

Jinhua

1.17

2.1%

Wuhu

1.10

1.9%

Jinan

1.05

1.9%

Huzhou

1.05

1.9%

Changzhou

0.92

1.6%

Luoyan

0.82

1.4%

Tianjin

0.77

1.4%

Foshan

0.65

1.2%

Nantong

0.64

1.1%

Nanchang

0.59

1.0%

Dongguan

0.54

0.9%

Yinchuan

0.45

0.8%

Changde

0.37

0.6%

Taizhou

0.31

0.5%

Taiyuan

0.30

0.5%

Suqian

0.27

0.5%

Zhengzhou

0.26

0.5%

Quanzhou

0.23

0.4%

Shijiazhuang

0.23

0.4%

Weifang

0.22

0.4%

Yantai

0.22

0.4%

Dalian

0.21

0.4%

Others

2.37

4.2%

Land Acquisition


  • In March 2021, the Group completed the following land acquisitions:


City

Project

Group’s equity interest

Intended primary use

Site area

(sq.m.)

Total planned GFA (excl. carpark) (sq.m.)

Group’s attributable consideration (RMB)

Average

land cost (excl. carpark)

(RMB/ sq.m.)

Dalian

Development Zone,

Xiaoyaowan Area Project

100%

Residential

29,900

65,800

219,790,000

3,338

Changsha

Yuelu District,

Project 2021-007

70%

Commercial / Residential

131,400

262,800

735,810,000

4,000

Ningbo

Cicheng District,

Cixi City Project

50%

Commercial / Residential

84,800

169,600

761,150,000

8,978

Suzhou

Xiangcheng District,

Taiping Street,

Shengze Danghu Road Project

40%

Residential

45,600

47,900

219,000,000

11,426


Company News

  • On March 1, CIFI redeemed an aggregate principal amount of approx. US$247 million of the outstanding senior perpetual capital securities which were issued on 20 December 2017. With the accumulative interest accrued to the date of redemption, the total amount paid was approx. US$254 million. The total issue size of the senior perpetual capital securities was US$300 million and at a coupon rate of 5.375%. As of 2 March 2021, this senior perpetual capital securities had been fully redeemed by the Group.
  • On March 2, CIFI announced the redemption of senior notes due 2 March 2021 in full at outstanding principal amount of approx. US$240 million. Together with interest accrued to the maturity date, the total amount paid at maturity was approx. US$250 million. The senior notes were originally issued on 3 January 2019 with a coupon rate of 7.625%, and the senior notes worth US$400 million had been partly redeemed through the period.
  • On March 10, CIFI issued first corporate bonds in 2021 of RMB1.448 billion at a coupon rate of 4.40% with tenor of 3+2 years, which reflected CIFI’s advantages in both onshore and offshore capital markets.
  • On March 16, CIFI ranked the 1st in the “2021 China Real Estate Development Enterprise Top 10 Steady Operation” and was ranked 13th in the “2021 China Real Estate Development Enterprise Top 20 Comprehensive Strength” in the “2021 Comprehensive Strength of China Real Estate Enterprises Evaluation Results Release Conference” organized by China Real Estate Association and Shanghai E-House Real Estate Research Institute China Real Estate Evaluation Center, which the Group’s results and performance were highly recognized.
  • On March 25, CIFI announced its 2020 annual results. Total profit grew by 28.7% to RMB11.9 billion which exceeding RMB10 billion for the first time of the Group. Core net profit to equity owners of the Company increased by 16.3% to a new record high of RMB8.03 billion. The Group proposed a final dividend of RMB24.3 cents (equivalent to 29 HK cents) per share, an increase of 10.8%. Total dividends for the year amounted to RMB34.1 cents (equivalent to 40 HK cents) per share with a year-on-year growth of 5.3%, while the total accumulated dividends since IPO were HK$1.84 per share.
  • CIFI arranged large-scale investor live webcast presentation and several small group meetings with over 500 investors and analysts attended. After the meetings, more than 30 international and onshore investment institutions issued research reports, among which a total of 26 institutions maintained or upgraded their “BUY” rating on CIFI.
  • CIFI’s first Bay Mansion project in Fujian Province, CIFI Bay Mansion·Wuyuan Bay, is located in the Wuyuan Bay area, and contains a full range of living facilities, commercial facilities, business facilities and natural resources. The project first launched on March 30 with encouraging market response, achieving contracted sales of RMB3.0 billion, reflecting the strong product capability and brand recognition of CIFI.


Disclaimer:

All information contained in this newsletter is meant for your own reference only, and is not intended to, nor should it, constitute any investment advice. Any information contained in this newsletter, including those relating to contracted sales or land bank of CIFI Holdings (Group) Co. Ltd. (the “Company”), may be subject to change as a result of changes in our development, sales and investment processes and may not be consistently reflected in our financial reports. The Company expressly disclaims any liability for any of your loss or damage howsoever arising from or in reliance upon the contents of this newsletter.