Tag Archives: FIN

PR Newswire

EQT strengthens and diversifies its management team with key leadership appointments

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EQT AB (EQT) today announced three key additions to its Executive Committee (ExCom).

STOCKHOLM, Nov. 8, 2022 /PRNewswire/ — Suzanne Donohoe joins as Chief Commercial Officer (“CXO”) and will lead a newly-formed platform to drive EQT’s external commercial activities. She joins EQT most recently from KKR where she was a Partner & Global Head of Strategic Growth. Donohoe also built and led the Client & Partner Group for over a decade and served as Co-head of the Inclusion & Diversity Council. Her prior experience includes an extensive global career at Goldman Sachs. Altogether, Donohoe brings thirty years of experience to her new role, where she will be responsible for the firm’s external commercial activities (outside of its investment strategies). In addition to Capital Raising & Client Relations, the new Platform “EQT-Ext” includes the firm’s Sustainability, Business Development, and Communications efforts. Donohoe will start in January 2023.

Ricardo Reyes will oversee Global Communications & External Affairs after recently joining EQT full-time. He brings significant experience from his roles positioning Tesla, YouTube and most recently Dyson, where he was the Chief Communications Officer. In addition to his work in Silicon Valley, Reyes started his career in Washington DC, working at the White House and on policy initiatives. Born in Managua, Nicaragua, his diverse experience will be instrumental to ensure that the EQT brand supports the business and addresses an ever-expanding global audience. 

EQT also announces the elevation to ExCom of Gustav Segerberg, an accomplished leader at EQT with responsibility for the firm’s Business Development efforts. Segerberg joined EQT in 2016 as part of the Capital Raising & Client Relations team after a decade as an investment banker. He became Head of Business Development in 2018. Segerberg has played a crucial role in the strategic development of EQT in recent years, including executing EQT’s IPO in 2019, and driving the combinations with BPEA, Exeter and LSP, as well as new product development.

“The newest members of EQT’s Executive Committee will equip EQT with an unmatched set of competencies, backgrounds, and perspectives to continue serving our global clients and partners,” said Christian Sinding, CEO & Managing Partner at EQT. “Suzanne joins us at a unique point in time with EQT having become a truly global firm, and she brings a broad range of leadership experiences to our team. I am very pleased that Ricardo has taken on the role of globalizing EQT’s brand and communications; and with the internal promotion of Gustav to the ExCom we are securing our continued development through M&A and new initiatives.” 

The changes follow a decision on the part of Morten Hummelmose, who joined EQT in 2006, to step down. He served in a variety of roles over his tenure and most recently led the firm’s capital raising efforts. Hummelmose will remain a member of the EQT Foundation and be part of its Investment Committee. 

“I extend my warmest gratitude to Morten for his significant contributions to EQT over many years, most recently as Head of CR,”  said Sinding. 

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

The following files are available for download:

PR Newswire

China-Singapore Guangzhou Knowledge City: Creating a New Highland of Knowledge Creation and Building a Demonstration Zone of Opening up and Cooperation

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GUANGZHOU, China, Nov. 7, 2022 /PRNewswire/ — On November 1, the 18th China-Singapore Joint Council for Bilateral Cooperation (JCBC) kicked off in Singapore. The meeting resulted in the signing of 19 Memoranda of Understanding (MOUs) and cooperation agreements, including the MOU on Developing a Cooperation Framework to Promote Singapore Companies’ Participation in the China-Singapore Guangzhou Knowledge City (CSGKS)’s Industrial Development and Innovation. The meeting also provided a promising path for the future development of the CSGKS located in the Guangdong-Hong Kong-Macao Greater Bay Area.

A commission official of CSGKS Cooperation Affairs Office said, the signing of the MOU will contribute the CSGKS to attract more innovative high-tech enterprises from Singapore and other countries, further deepen the cooperation with Singapore in the field of scientific and technological innovation, support Singaporean enterprises in participating fully in the industrial development and innovation of the CSGKS, and polish the CSGKS as the preferred place for Singapore enterprises to invest.

The China-Singapore International Joint Research Institute, which aims to build an important platform for China–Singapore cooperation and achievements transformation of scientific and technological innovation, has drawn on the experience and system of Singapore’s industry-university-research integration and formulated nine industrialization systems, including the implementation rules of intellectual property support policies and several regulations on encouraging innovation and entrepreneurship. It has attracted a group of international high-level talents represented by Nanyang Technological University of Singapore to set up projects in the institute, and promoted the achievements transformation.

The Regulations on CSGKC of Guangdong Province, which came into force on March 1 this year, delegated the authority of national and provincial economic construction management to the Management Committee of CSGKS through legislation, which has made remarkable achievements in China–Singapore state-level bilateral cooperation projects.

In June this year, the China-Singapore Smart Park, one of the key projects to deepen cooperation in scientific and technological innovation and the construction of smart cities, was officially opened with a total investment of 1.4 billion yuan. It has introduced more than 60 industrialization projects such as NCS Greater Bay Area Fintech Delivery Center, SP Group, Guangzhou Lion TCR, Star 3D Oral digital Medicine, etc.

Meanwhile, as a carrier of industrial innovation jointly built by China and Singapore, Ascendas OneHub GKC’s Phase I Industrial Park has housed more than 400 enterprises and employed 3,000 people. The Guangzhou Innovation Institute of National University of Singapore is about to recruit students, commit itself to training nearly 3,000 high-level talents over a 10-year period, and shoot for becoming the largest comprehensive flagship project of the National University of Singapore in China.

In recent years, cooperation projects between China and Singapore in key areas such as biomedicine, digital economy and green development have been launched in the CSGKS:

  • In terms of biomedicine, Biosyngen has built the largest commercial production base of immunocellular drugs in South China; Lion TCR (Singapore), the world’s leading TCR-T cell therapy company, plans to build a GMP cell production base and serve as the company’s headquarters in China.
  • In terms of digital economy, NCS, the wholly-owned subsidiary of Singapore Telecom, selected the CSGKS to set up the Greater Bay Area Fintech Delivery Center and the first phase has started operation, which is expected that 500 IT professionals will be stationed at the end of the year to accelerate the development of 5G, digital twins, blockchain and other technologies and build a cross-border innovation ecosystem.
  • In terms of green development, the agreement was signed with SP Group to implement the investment, construction and operation of regional energy projects (including cooling and heating), starting from the Knowledge Tower project, and gradually promote them to other regions such as the China-Singapore International Scientific and Technological Innovation Cooperation Demonstration Zone.
  • In terms of financial services, the MOU of cooperation was signed with the Singapore Exchange to promote the issuance of green bonds by three state-owned enterprises, with a cumulative issuance scale of US $1.34 billion, and deepen the connectivity with the international financial market.

As an important carrier and innovation model of bilateral cooperation between China and Singapore, the CSGKC strives to build an important node in the GBA and become the world’s knowledge economy highland. In the future, the CSGKC will further integrate development strategies of the Belt and Road Initiative and RCEP, continue to improve the level of institutional opening up, deepen cooperation in the digital economy and green development with Singapore, tap the potential of ASEAN countries and other markets, and show the world more new international cooperation programs and prospects full of Chinese wisdom.

PR Newswire

Yalla Group Limited to Report Third Quarter 2022 Financial Results on November 14, 2022 Eastern Time

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DUBAI, UAE, Nov. 4, 2022 /PRNewswire/ — Yalla Group Limited (“Yalla” or the “Company”) (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle East and North Africa (MENA), today announced that it will report its unaudited financial results for the third quarter 2022 after the U.S. market closes on Monday, November 14, 2022.

Yalla Group Limited will hold a conference call on Monday, November 14, 2022, at 8:00 P.M. Eastern Time, 5:00 A.M. Dubai Time on Tuesday, November 15, 2022, or 9:00 A.M. Beijing Time on Tuesday, November 15, 2022, to discuss the financial results. Listeners may access the call by dialing the following numbers:

United States Toll Free: 

+1-888-317-6003

International:

+1-412-317-6061

United Arab Emirates Toll Free:

80-003-570-3589

Mainland China Toll Free:

400-120-6115

Hong Kong Toll Free: 

800-963-976

Access Code:

3456699

The replay will be accessible through November 21, 2022, by dialing the following numbers:

United States Toll Free:

+1-877-344-7529

International:

+1-412-317-0088

Access Code:

8329794

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.yallagroup.com.

About Yalla Group Limited

Yalla Group Limited is the largest voice-centric social networking and entertainment platform in the Middle East and Northern Africa (MENA). The Company operates two flagship mobile applications, Yalla, a voice-centric group chat platform, and Yalla Ludo, a casual gaming application featuring online versions of board games, popular in MENA, with in-game voice chat and localized Majlis functionality. Building on the success of Yalla and Yalla Ludo, the Company has expanded its content, creating a regionally-focused, integrated ecosystem dedicated to fulfilling MENA users’ evolving online social networking and entertainment needs. The ecosystem includes YallaChat, an IM product tailored for Arabic users; Waha, a social networking product designed for the metaverse; and games such as Yalla Baloot and 101 Okey Yalla, developed to sustain vibrant local gaming communities in the region. Yalla is also actively exploring outside of MENA, having launched Yalla Parchis, a Ludo game designed for the South American markets. Yalla’s mobile applications deliver a seamless experience that fosters a sense of loyalty and belonging, establishing highly devoted and engaged user communities through close attention to detail and localized appeal that profoundly resonates with its users. In addition, through its holding subsidiary, Yalla Game Limited, the Company has expanded its capabilities in mid-core and hard-core game distribution in the MENA region, leveraging its local expertise to bring exciting new content to its users.

For more information, please visit https://ir.yallagroup.com.

Investor Relations Contact

Yalla Group Limited
Investor Relations
Kerry Gao – IR Director
Tel: +86-571-8980-7962
Email: ir@yallatech.ae

The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
Email: yalla@tpg-ir.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: yalla@tpg-ir.com

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PR Newswire

Locus Featured as a 2022 Top Logistics Tech Startup By Tracxn

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The company was recognized as a “Soonicorn” for its execution excellence and future growth potential

SAN FRANCISCO, Nov. 4, 2022 /PRNewswire/ — Locus, a leading-edge technology company solving for excellence in Last-Mile logistics, has been named a Top Emerging Startup for Logistics Tech by Tracxn, a global platform for tracking startups and private companies. In the latest annual list, which identifies the most promising Logistics Tech startups globally, Locus was recognized as a Soonicorn, demonstrating its growth potential to become a Unicorn in the future.

“We feel humbled and proud to be chosen as one of the top logistics tech startups list by Tracxn,” says Nishith Rastogi, Founder and CEO of Locus. “This recognition comes at a watershed moment in our growth journey, as we work towards making last-mile logistics an effortless and strategic differentiator for enterprises across the globe through our end-to-end real-world ready dispatch management solution.”

The global logistics tech industry has over 12,000 startups comprising companies providing various products and services like storage of goods or software solutions for managing and optimizing overall logistics operations. Tracxn’s ratings are based on a detailed analysis conducted by their internal sector specialist team coupled with a combination of multiple publicly available signals such as market size, investment by marquee investors, execution excellence, and future growth prospects.

About Locus

Locus is a leading-edge technology company solving one of the most challenging global supply chain problems: Last-Mile logistics. Locus’ order-to-delivery dispatch management platform helps enterprises transform their Last-Mile logistics operations from cost centers to revenue generators through advanced optimization algorithms and intuitive workflow automation that equip businesses with the tools needed to maximize efficiency while delighting customers.

Founded in 2015 and backed by GIC Singapore, Tiger Global, Qualcomm Ventures, and Falcon Edge, Locus has helped a wide range of customers globally across industries – including Unilever, Nestle, Bukalapak, The Tata Group, BlueDart, and more – execute 650 million deliveries across 30+ countries across North America, Europe, Southeast Asia, the Middle East, ANZ, and the Indian subcontinent. Its technology has also helped save $200 million in transit costs, offsetting 70 million kilograms in CO2 emissions while maintaining a 99.5% SLA adherence ratio.

Media Contact:
Archit Mahajan
pr@locus.sh 

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PR Newswire

Conservis Adds New Budgeting Module in Response to Requests by Farmers

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Integrating feedback from bankers, CPAs, and growers, Budgeting simplifies financial planning

MINNEAPOLIS, Nov. 2, 2022 /PRNewswire/ — Conservis, a global leader in farm management software solutions (FMS), launches a new Budgeting module based on client requests. Consistent with the company’s focus on listening to feedback from growers and developing tools to tie financials and operations together, Budgeting brings a streamlined approach to the aggregation of farm activities and financials.

It empowers farmers to:

  • Save time and reduce stress when creating budgets and plans for next year.
  • Develop stronger budgets and plans with more realistic profitability predictions.
  • Access data necessary for smoother processes while working with lenders.
  • Easily get quotes for products with an input shopping list.
  • Manage against a budget throughout the year by seeing a clear plan vs. actual comparison.

Conservis has long provided Planning & Financials modules with extensive capabilities. Every farm operation is unique, and some growers requested a more simplified roadmap for applying financial perspectives to farm management. Conservis developers spent more than a year building a solution, including work with experts from Rabo AgriFinance and agriculture-focused CPAs to ensure Budgeting would provide financial clarity necessary for advising their clients.

Sr. Product Manager at Conservis, Don Leick, spearheaded the module development, working with farmers to best understand their needs and test the solution. Even though Budgeting is a solution for growers who want a more simplified approach to connecting farm finances, the journey from conception to completion has been intense. “It’s hard to make things easy. It takes a big investment to make a complex process simple.”

At a time when other farm management systems are scaling back investing in new features, Conservis is working alongside growers to deliver requested functionality. The beta testers for Budgeting speak to the ease of use and like the intuitive wizard approach of the module. Jeff Deeds of Empire Prairie says, “It’s nice we can start out with a generic plan then go back and edit easily.”

As Conservis continues to grow and develop solutions for farmers, the company looks to produce further enhancements that help make farming easier and more profitable.

About Conservis

Conservis is a global powerhouse in farm management software, providing both row and permanent crop growers the digital tools and information needed for success. The web and mobile platforms deliver comprehensive planning tools, real-time data capture, and insightful analytics to support better decision making and efficient reporting. Founded in 2009, Conservis remains dedicated to advancing the business of agriculture.

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PR Newswire

ICP DAS – BMP to partake in the COMPAMED 2022, Germany for the first time

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HSINCHU, Nov. 1, 2022 /PRNewswire/ — ICP DAS – BMP (Biomedical Polymers), a Taiwan medical TPU (thermoplastic polyurethane) supplier, will exhibit TPU pellets with 50% tungsten content (W50) for the first time in the COMPAMED 2022, Germany. The exhibition – a melting pot for high-tech solutions in the medical technology sector – takes place in DÜSSELDORF from 14 to 17 November.

ICP DAS - BMP to partake in the COMPAMED 2022, Germany
ICP DAS – BMP to partake in the COMPAMED 2022, Germany

ICP DAS – BMP will showcase three series of highly stable medical-grade TPU pellets, namely, Alithane™ (ALP series), Durathane™ (ALC series), and Arothane™ (ARP series). This year, ICP DAS – BMP unveils a new range of pellets with a tungsten content of 30% (W30) and 50% (W50), respectively. As we advance, ICP DAS – BMP plans to develop pellets with 70% tungsten content (W70) and a new ARP-CHDM series in 2023.

All medical-grade TPU pellets by ICP DAS – BMP are 100% made in Taiwan and have superb biocompatibility, hydrolytic & chemical resistance, mechanical properties, and radiodensity; they can be customized and color-matched. To provide customers with the best service, ICP DAS – BMP offers shorter lead times and accepts smaller quantity orders.

Applications of medical-grade TPU pellets range from cancer treatment and urology devices to retainers, etc. Shortly after being established, ICP DAS – BMP achieves outstanding results domestically and internationally. Medical device manufacturers from South Korea, Israel, and France have chosen ICP DAS – BMP’s trustworthy and high-quality TPUs.

Visit ICP DAS – BMP’s booth at Hall 08B, Booth 8BC17-2, from 14 to 17 November 2022, and learn more about the upcoming ARP-CHDM series.

About ICP DAS – BMP

In response to the growing demand for TPUs in medical applications, in 2018, ICP DAS established a new business unit to develop and produce medical-grade TPUs, ICP DAS – BMP. The company has obtained ISO 13485 certification for its raw material warehouses and production lines.

ICP DAS – BMP has its own laboratories for polymerization, physical properties analysis, and cytotoxicity testing. All the TPUs supplied by ICP DAS – BMP are USP Class VI certified and compliant with the ISO 10993 international standard. Materials have passed skin sensitization and cytotoxicity tests according to ISO 10993-5 and ISO 10993-10. These enable ICP DAS – BMP to guarantee biocompatibility for medical device manufacturers.

For more details, please visit our website: https://bmp.icpdas.com/

For TPU products, solutions, and inquiries, contact us directly: sales_bmp@icpdas.com

Source: ICP DAS Co., Ltd.

PR Newswire

MMTEC, Inc. Announces Amendment to Memorandum and Articles of Association

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BEIJING, Oct. 29, 2022 /PRNewswire/ — MMTEC, Inc. (“MMTEC” or the “Company”) (Nasdaq: MTC) filed an Amended and Restated Memorandum and Articles of Association with the Registrar of Corporate Affairs of the British Virgin Islands to increase the maximum number of shares that the Company is authorized to issue from 50,000,000 to 5,000,000,000. This change to the Company’s authorized capital became effective upon the Registrar of Corporate Affairs’s acceptance of the Amended and Restated Memorandum and Articles of Association on October 26, 2022.

About MMTEC, Inc.

Headquartered in Beijing, China, our Company mainly focuses on investment banking and asset management business, providing customers with one-stop and all-round financial services. In addition to traditional incubation and investment in domestic and foreign companies listed in the United States, it also launched the HiFund platform to attracting global institutional and individual investors to invest in the most competitive Chinese assets.

More information about the Company can be found at: www.haisc.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company’s statements regarding its continued growth, business outlook, and other similar statements are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission, including the Company’s most recently filed Annual Report on Form 20-F and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

CONTACT: Jessie Chang, jessie@haisc.com, +86 10 5617 2312

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Source: MMTEC, Inc.

PR Newswire

Akso Health Group Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

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BEIJING, Oct. 29, 2022 /PRNewswire/ — Akso Health Group (NASDAQ: AHG) (“Akso Health” the “Company” or “we”), today announced that the Company has received a written notification (the “Notification Letter”) from the Nasdaq Stock Market LLC (“Nasdaq”) on October 26, 2022, notifying the Company that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing on the Nasdaq.

Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company’s ADSs for the 30 consecutive business days from September 12, 2022 to October 25, 2022, the Company no longer meets the minimum bid price requirement.

The Notification Letter does not impact the Company’s listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until April 24, 2023, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company’s ADSs must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by April 24, 2023, the Company may be eligible for additional time to regain compliance or may face delisting.

The Company’s business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its ADSs and may, if appropriate, consider implementing available options, including, but not limited to, implementing a consolidation reverse share split of its outstanding ADSs, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.

As previously disclosed, Nasdaq had notified the Company that it was delinquent in the filing of its Annual Report on Form 20-F for the fiscal year ended March 31, 2022 (the “20-F”). On October 27, 2022, Nasdaq notified the Company that it has accepted the Company’s plan of compliance and granted the Company an extension through January 3, 2023 to file the 20-F.

About Akso Health Group

Akso Health Group (NASDAQ: AHG), formerly known as Xiaobai Maimai Inc., operates a social e-commerce platform in China that collaborates with other domestic e-commerce platforms and offers users a wide selection of high-quality and affordable products. Since the end of 2021, the Company also started exploring the healthcare equipment and product trading and related healthcare services business. 

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: risks related to our ability to obtain equipment, technology, license and talents at satisfactory terms to start the planned business, if at all; risks regarding the effect of the COVID-19 pandemic on the Company and the Company’s position in a post-COVID-19 environment; risks related to the Company’s ability to adapt and make the necessary adjustments to compete and operate effectively; risks related to decisions or changes in governmental or private insurers’ reimbursement levels for our radiotherapy services or our ability to obtain reimbursement for our radiotherapy services; risks related to increased competition and the development of new competing services; the risk that we may be unable to develop or achieve commercial success for radiotherapy services in a timely manner, or at all; risks related to regulatory requirements or enforcement in the United States and changes in the structure of the healthcare system or healthcare payment systems; risks related to our ability to successfully integrate and derive benefits from any technologies that we license or acquire; risks related to our projections about our business, results of operations and financial condition; and risks related to the potential market opportunity for our products and services. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.

For more information, please visit ir.xiaobaimaimai.com 

For investor inquiries, please contact:

The Company
Investor Relations
Mr. Simon He
Email: ir@ahgtop.com

Christensen

In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: Eyuan@christensenir.com

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com

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PR Newswire

ACE Money Transfer and Bank AL Habib Join Hands to Provide Secure and Free Money Transfers to Pakistan

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MANCHESTER, England, Oct. 27, 2022 /PRNewswire/ — ACE Money Transfer, a leading UK-based international remittance service provider, and Bank AL Habib, one of the largest banking networks across Pakistan, in line with Pakistan Remittance Initiative’s (PRI) vision, have ramped efforts to promote legal channels of remittances by offering free, easy, faster, and secure transfers.

ACE Money Transfer and Bank AL Habib Join Hands to Provide Secure and Free Money Transfers to Pakistan
ACE Money Transfer and Bank AL Habib Join Hands to Provide Secure and Free Money Transfers to Pakistan

An awareness campaign, including 950 buses, 100 roadside posters and 25 underground stations across the UK, is ongoing, educating expats on the kerb market’s downsides that lead to risky and undocumented transfers.

Mr Rashid Ashraf, CEO of ACE Money Transfer, said, “Expats sending remittances consider many factors, but transfer cost, exchange rates, speed, and security are a few primary concerns. With Bank AL Habib’s vast network and our state-of-the-art technology, we can address them all and offer an experience our customers love.”

Mr Aun Ali, Group Head – Business of Bank AL Habib, commented, “This affiliation will help both organisations serve Pakistani expatriates for instant and secure transactions. Bank AL Habib keeps playing a vital role in routing remittances through official channels and in providing our services in collaboration with ACE Money Transfer.”

ABOUT ACE MONEY TRANSFER

ACE Money Transfer (registered name ‘Aftab Currency Exchange Limited’), based out of Manchester, UK, is a growing remittance provider. It offers impeccable online money transfer services to millions of expatriates with an extensive network of 375,000+ locations spread across 100+ countries worldwide.

ABOUT BANK AL HABIB

Dawood Habib Group, the sponsor of Bank AL Habib Limited, has a long track record in banking that dates back to the 1920s. The Group was among the founder members of Habib Bank Limited and played a major role in meeting Pakistan’s financial and banking needs. It was nationalised along with other Banks in Pakistan on January 1, 1974.

Bank AL Habib was incorporated as a Public Limited Company in October 1991 and started banking operations in 1992. It is now one of the leading banks in Pakistan, known for its high level of customer service. It has a strong network of over 1050 branches and sub-branches in 433 cities across the country, including a wholesale branch in Bahrain and Malaysia and representative offices in China, UAE, Turkey and Kenya.

Media Contact:
marketing@acemoneytransfer.com
+44 161 3936 999

PR Newswire

Hebei International Industrial Design Week to open in November

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SHIJIAZHUANG, China, Oct. 25, 2022 /PRNewswire/ — The 5th Hebei International Industrial Design Week will be held from November 10 to 16 in North China’s Hebei Province, with the Netherlands as the guest of honor.

The province’s new modern city Xiongan New Area will serve as the event’s main venue while some activities will also be held in the cities of Shijiazhuang, Qinhuangdao and Dingzhou.

A series of activities will be featured in the main venue, such as the launching ceremony and keynote speeches, Xiongan Design Forum, the industrial design innovation exhibition, international design new product releases, the third Goldreed Industrial Design Award, Dutch Design Day and design innovation tours, making it an open platform for international design cooperation featuring meetings, exhibitions and awarding ceremonies, according to Hebei Provincial Industry and Information Technology Department.

Xiongan Design Forum, World Design Organization (WDO) and World Design Weeks will join hands in hosting a series of activities like keynote speeches and round-table dialogues.

Topics will cover urban development, industrial transformation, new normal of production and life, new consumption trends, and sustainable development, among others. Leading figures from domestic and foreign design institutions, manufacturing enterprises and universities will be there to interpret and discuss pioneering design innovation ideas and trends.

The International Design New Product Releases will invite top design firms, design masters and cutting-edge designers at home and abroad to launch new designs in conjunction with fashion brand companies and manufacturing enterprises.

Besides, representatives from manufacturers, platform enterprises, incubators and financial institutions will also attend the conference, providing opportunities for the industrialization and market-oriented cooperation between the two parties, and helping the transformation of designs into products and the establishment of design values.

The Goldreed Industrial Design Award’s foreign president WDO Chairman David Kusuma and Chinese president Professor He Renke of the School of Design and Art of Hunan University, as well as other guests, will attend the awarding ceremony.

They will unveil the winners of the award’s third event and present trophies. To further enhance the event’s international influence and brand value, the competition for fourth Goldreed Industrial Design Award will be launched to invite outstanding industrial design institutions, companies, teams and individual designers from all over the world.

The activities of the design week will make full use of modern IT technologies such as 5G, VR/AR and big data to display offline activities by means of online exhibition and live broadcasting, breaking the time and space constraints and creating an online design week that never ends.

Since 2018, Hebei has held four International Industrial Design Week in the Xiongan New Area, including 139 forums, exhibitions, match-making and exchange activities that have attracted enterprises from over 50 countries and regions, and 25,000 design works.

China-based embassies of Finland, Italy and Britain organized delegations trips to the events, and more than 50 well-known design institutions at home and abroad like the WDO and the Hong Kong Federation of Design Associations sent representatives there.

The International Industrial Design Week pioneered the mode of organizing expo both online and offline in Hebei. The four events have attracted more than 170,000 attendees and visitors, and more than 28 million visits online.

Hebei has leveraged the International Industrial Design Week as an important platform to cultivate and develop industrial design service industry, promote the deep integration of industrial design and manufacturing industry, and bring innovation and development onto the global stage.

Industrial data showed that the number of industrial design enterprises in Hebei reaches 470 this year, more than 9 times that of 2017, ranking the fifth in China. There are 20 municipal industrial design industry organizations in Hebei, accounting for 15 percent of the country’s total industrial organizations.

Hebei has 11 provincial level and municipal-level industrial design awards, ranking the fourth in the country. The province has cultivated 11 national-level industrial design centers, and created 5 in 2021 alone, achieving a historic breakthrough.

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