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HONG KONG SAR - Media OutReach Newswire - 2 February 2024 - Black Spade Capital Limited ("Black Spade") announced that it has entered into a memorandum of understanding ("MOU") with Mr. Gilbert Yeung ("Mr. Yeung"), the creator of: the legendary nightclub dragon-I, Tazmania Ballroom, Cassio, and the stylish reflexology and spa concept store Ten Feet Tall, to launch a new top-notch and exclusive global lifestyle, entertainment and hospitality group (the "Joint Venture") to tap into the great potential that the leisure and entertainment industry has to offer. Black Spade and founder of dragon-i Gilbert Yeung sign MOU to join forces to revolutionise entertainment Under the collaboration framework, by leveraging the powerful business presence, reputation and network built by both parties in the international market, a Joint Venture will be set up by Black Spade and Mr. Yeung with an aim to discover business opportunities with great potential worldwide via the operation of a host of high-end lifestyle and entertainment attractions such as nightclubs, beach clubs, bars, restaurants and live performances. The Joint Venture targets to launch its first project in Macau, followed by expansion into major cities in Asia and different parts of the world, offering a robust mix of brand-new lifestyle and entertainment experiences, including day life, nightlife, dining and captivating, immersive theatrical performances. Mr. Dennis Tam, President and CEO of Black Spade, said, "A Joint Venture between Black Spade and Mr. Yeung is definitely a breakthrough cooperation in the entertainment industry. Mr. Yeung is considered the iconic Hong Kong nightlife legend, he and his team enjoy great fame among celebrities and influencers around the world. The iconic dragon-i, together with the other nightlife and F&B businesses that Mr. Yeung operates, have garnered international reputation and recognition for their creativity. It will be exciting to see the Joint Venture set the gold standard for Entertainment 3.0." Mr. Gilbert Yeung, Founder of dragon-i, said, "We are honoured to partner with Black Spade to revolutionise the entertainment industry. I am convinced that the Joint Venture will benefit greatly from the business perceptiveness of the Black Spade team, as well as their stellar track record in the international capital market. Macau is an entertainment hub with endless potential and also an ideal destination of choice for the Joint Venture's first project. The Las Vegas Strip generates 40% of its total revenue from gaming and another 60% from non-gaming, it implies a huge growth potential for the non-gaming sector in Macau. The Joint Venture's ambition is to develop Entertainment 3.0. By drawing inspiration from around the world by being on the ground and immersing ourselves in new experiences, we aim to combine AR/AI/CGI with offline leisure offerings and introduce an array of entertainment products, which ultimately take the Experience Luxury Economy to a new level while attracting even more guests from mainland China, Southeast Asia and the rest of the world. We have full confidence in the prospects of this cooperation and the growth upside that it brings about." Hashtag: #BlackSpadeCapitalThe issuer is solely responsible for the content of this announcement.About Black Spade Capital LimitedBlack Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade's investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments. In August 2023, Black Spade Acquisition Co, a blank check company (SPAC) sponsored by Black Spade, completed a US$23 billion business combination with VinFast Auto Ltd. About Mr. Gilbert YeungMr. Yeung, revered as the trailblazing "Godfather" of nightlife, continuously sets new benchmarks that surpass international standards. His renowned establishments such as dragon-i, Tazmania Ballroom, Cassio, and the stylish reflexology and spa concept store, Ten Feet Tall, stand as testament to his industry expertise, paving the way for others to follow. Since its opening in 2002, dragon-i has emerged as one of Hong Kong's most glamorous and exclusive venues, distinguished by its blend of traditional Asian elements with the modern. dragon-i is considered the second home of the "global glitterati," a high-end crowd with a taste for the finer things in life, including partying and dining.
MOU aims to enhance enterprises' supply chain resilience along China-ASEAN investment and trade corridors SINGAPORE, Jan. 31, 2024 /PRNewswire/ -- UOB and the China Council for the Promotion of International Trade (CCPIT) today signed an enhanced Memorandum of Understanding (MOU) to boost foreign investment and trade between China and Southeast Asia. This remains CCPIT's only collaboration with a bank in Southeast Asia. Mr Wee Ee Cheong, UOB’s Deputy Chairman and CEO (left) signed an enhanced MOU with Mr Ren Hongbin, Chairman of the China Council for the Promotion of International Trade at the UOB Plaza on 31 January 2024 to boost foreign investment and trade between China and Southeast Asia. Established under China's State Council in 1952, CCPIT plans and implements policies to promote trade and investment relations between China and foreign countries. CCPIT's affiliated body, the China Chamber of International Commerce (CCOIC), was set up in 1988 to represent its members' interests and support Chinese enterprises in overseas ventures. Through this collaboration with UOB, more than 350,000 Chinese companies which are members of CCOIC can access UOB's comprehensive suite of local and cross-border solutions. They can also tap on an ecosystem of strategic partners across the Bank's Southeast Asian network. Both parties will also facilitate UOB's regional clients' projects and businesses in China. UOB and CCPIT will support enterprises in key industry sectors to build resilient supply chains, drive progress through innovation, and practise sustainable development. Tapping on UOB's strength in the region, the two parties will jointly strengthen services and support for Chinese enterprises investing in the ASEAN region. Mr Wee Ee Cheong, Deputy Chairman and Chief Executive Officer, UOB, said, "With global supply chains continuing to shift into Southeast Asia, the region remains a bright spot and continues to attract investment flows. With our extensive regional footprint, strong sector solutions capabilities and regional payments, trade, and cash platforms, UOB is well positioned to support Chinese enterprises expanding into ASEAN. This will promote the interconnection of local value chains, create more job opportunities and forge a brighter future for people and communities in this region." UOB and CCPIT first signed an MOU in 2012 and first renewed it in 2014. Since then, the partnership has helped numerous Chinese companies to explore business expansion opportunities in Southeast Asia. China foreign direct investments (FDI) into ASEAN increased 81% from US$10.3 billion in 2016 to US$18.7 billion in 2022, reflecting ASEAN's attractiveness to Chinese companies[1]. This collaboration draws on the strength of UOB's Foreign Direct Investment (FDI) Advisory Unit, which was established in 2011 as a one-stop platform to help companies set up regional operations in Southeast Asia. To date, UOB's FDI Advisory Unit has supported more than 1,500 Chinese companies expand beyond their shores, of which more than 90 per cent moved into Southeast Asia. Since 2020, the FDI Advisory Unit has facilitated more than S$22 billion FDI into Southeast Asia from China and enabled the creation of more than 50,000 job opportunities in the region. UOB has 10 FDI Advisory Centres across the region to help companies lower the barriers as they look to expand across borders. At the MOU signing ceremony held this morning at UOB Plaza, more than 100 delegates from major Chinese corporates and government agencies were present. Before visiting UOB in Singapore, the delegates also participated in the Malaysia-China Business Council meeting yesterday in Kuala Lumpur supported by UOB Malaysia. Ms Ng Wei Wei, UOB Malaysia's Chief Executive Officer, also met CCPIT Chairman Ren Hongbin to discuss collaboration opportunities. [1] MOFCOM, 2022 Statistical Bulletin of China's Outward Foreign Direct Investment About UOB UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world's top banks: Aa1 by Moody's Investors Service and AA- by both S&P Global Ratings and Fitch Ratings. For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN. The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer's unique needs and evolving preferences. UOB is also committed to help businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.
NEW DELHI, Jan. 30, 2024 /PRNewswire/ -- Google India Digital Services (P) Limited and NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI) have signed a Memorandum of Understanding (MoU) to expand the transformative impact of UPI to countries beyond India. The MoU has three key objectives. First, it seeks to broaden the use of UPI payments for travelers outside of India, enabling them to conveniently make transactions abroad. Second, the MoU intends to assist in establishing UPI-like digital payment systems in other countries, providing a model for seamless financial transactions. Lastly, it focuses on easing the process of remittances between countries by utilizing the UPI infrastructure, thereby simplifying cross-border financial exchanges. The outlined objectives will help accelerate UPI's global acceptance, providing foreign merchants access to Indian customers who will no longer have to rely only on foreign currency and/or, credit or forex cards for making digital payments and will have the option using UPI powered Apps from India including Google Pay. This is in alignment with NPCI's endeavor of bolstering India's position in the global digital payment landscape. Moreover, the MoU will also significantly contribute to simplifying remittances by reducing dependence on conventional money transfer channels. Deeksha Kaushal, Director, Partnerships, Google Pay India, said, "We are delighted to support NIPL towards expanding the reach of UPI to international markets. Google Pay has been a proud and willing collaborator to NPCI and the financial ecosystem, under the regulator's guidance, and this collaboration is another step towards our commitment to making payments simple, safe and convenient. UPI has demonstrated to the world the step change that happens in economies with the introduction of interoperable, population scale digital infrastructure and each economy that joins such networks will create impact beyond the sum of parts. We are very excited about the scope of this collaboration." Ritesh Shukla, CEO – NPCI International Payments Limited (NIPL), said, "We are pleased to team up with Google Pay to propel UPI onto the global stage. This strategic partnership will not only simplify foreign transactions for Indian travelers but will also allow us to extend our knowledge and expertise of operating a successful digital payments ecosystem to other countries. We are also excited about enabling a seamless and more connected international remittance network by further expanding UPI's cross-border interoperability feature. With the success of UPI in a dynamic market like India we are excited to further our vision to transform the digital payments landscape globally." The global expansion of UPI represents a transformative step in international commerce, enabling a seamless, secure, and cost-effective payment experience for both merchants and customers worldwide. For more details about NPCI International, click here.
TORONTO, Jan. 29, 2024 /PRNewswire/ -- Visionary Education Technology Holdings Group Inc. (the "Company") (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, today announced that on January 17, 2024 the Company, through its wholly-owned subsidiary Visionary Education Group, Shanghai, China., entered into an international collaborative Memorandum of Understanding ("MOU") with Algoma University. The purpose of this MOU is to provide a foundation for promoting international and intercultural understanding and exchange between the parties and to develop and carry out cooperative academic activities. The Algoma University Learners Early Access Program (LEAP) is a collaborative initiative between Algoma University and the Visionary Group. This program is dedicated to providing students from China who are seeking a pathway to postsecondary as well as a university experience while still in high school. LEAP offers a unique opportunity for secondary school students (grade 12) to earn AU University credits in a single semester while continuing to be affiliated with their home school. The program is designed to support university transition and guide learners towards admission to Algoma University and a concerted effort to ensure their academic success. About Visionary Education Technology Holdings Group Inc. Visionary Education Technology Holdings Group Inc., headquartered in Toronto, Canada, is a private education provider located in Canada, with subsidiaries in Canada and market partners in China, that offers high-quality education resources to students around the globe. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada through technological innovation so that more people can learn, grow and succeed to their full potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving and will continue to serve both Canadian and international students. For more information, visit the Company's website at https://ir.visiongroupca.com/. Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "believes," "expects," "anticipates," "estimates," "intends," "would," "continue," "should," "may," or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC. For more information, please contact:Visionary Education Technology Holdings Group Inc.Investor Relations DepartmentEmail: ir@farvision.ca
- Granted scholarship of Rp 450 million to around 130 Indonesian college students- Supported over 930 students with scholarships from 2018 SEOUL, South Korea, Jan. 29, 2024 /PRNewswire/ -- KT&G Scholarship Foundation, a non-profit foundation run by KT&G, a global company headquartered in South Korea, signed a MOU with the Industrial Human Resources Development Agency(BPSDMI) of the Indonesian Ministry of Industry on January 22nd. Following the MOU, KT&G Scholarship Foundation granted scholarship of approximately Rp 450 million to around 130 students of polytechnic university and academy of communities(AKOM), which is affiliated with BPSDMI. KT&G Scholarship Foundation was founded in 2008 with the aim of offering stable educational opportunities to the socially disadvantaged students. Since 2018, the foundation has extended its scholarship programs to countries such as Indonesia, Turkey, Russia, and beyond, as part of its commitment to global social responsibility. KT&G scholarship Foundation has been selecting scholarship recipients in Indonesia since 2018 and supported over 930 students with scholarships to date. In addition to providing scholarship support through the Scholarship Foundation, KT&G is actively involved in various initiatives aimed at supporting Indonesian college students, contributing to the cultivation of future talents in Indonesia. Since 2017, KT&G has been operating an extracurricular activity community in Indonesia known as 'SangSang Univ.' to expand learning opportunities for Indonesian college students. As part of the 'SangSang Univ.' program, KT&G has established community center for college students, named 'Univ. Zone'. At the 'Univ. Zone', a wide range of classes spanning education, skill improvement, and hobbies are provided free of charge. The classes offered at 'Univ. Zone' include career development training, K-Pop dance, barista, and many more. Furthermore, KT&G has established Korean language school in Surabaya, offering Korean language classes and cultural experience programs to Indonesian students interested in Korean culture. KT&G is also providing classes, such as computer skills training at the KT&G Vocational Training Center, aimed at enhancing the economic self-sufficiency of college students. KT&G's wide range of activities to support Indonesian college students reflect its long-term, sustainable commitment to cultivating future talents in Indonesia, going beyond one-time assistance. KT&G has also hosted the entrepreneurial training program called 'SangSang Startup School' to foster young entrepreneurs and help them develop essential entrepreneurial skills. Last year's 'SangSang Startup School' focused on the theme of protecting the environment, revitalizing local economy by supporting small business owners, and overcoming educational inequalities. The participants of 'SangSang Startup School' went through idea competition, entrepreneurial classes, and mentoring sessions, and 15 finalist teams were selected to pitch their entrepreneurial idea on IR Pitching Day, marking the final round of the program. All of the 15 finalist teams were granted cash prizes and gifts, as well as feedback from experienced entrepreneurs. The final winning team was awarded with Rp 47 million. KT&G has been operating a local subsidiary in Indonesia from 2011 and since then, the company has actively engaged in various social contribution activities, contributing to the development of local communities of Indonesia. KT&G is also committed to job creation in Indonesia, as it employees approximately 5,000 local employees. "As a company operating business in Indonesia, KT&G will remain committed to ongoing social contribution activities in Indonesia and keep nurturing future generations of the country," said the spokesman of KT&G. KT&G Scholarship Foundation, a non-profit foundation run by KT&G, a global company headquartered in South Korea, signed a MOU with the Industrial Human Resources Development Agency(BPSDMI) of the Indonesian Ministry of Industry on January 22nd. Following the MOU, KT&G Scholarship Foundation granted scholarship of approximately Rp 450 million to around 130 students of polytechnic university and academy of communities(AKOM), which is affiliated with BPSDMI.
SHANGHAI and INCHEON, South Korea, Jan. 24, 2024 /PRNewswire/ -- WuXi XDC(2268.HK), a leading global Contract Research, Development and Manufacturing Organization (CRDMO) focused on ADC and the other types of bioconjugate market, and Celltrion, Inc. (068270.KS), a leading global biopharmaceutical company specialized in researching, developing and manufacturing innovative therapeutics that improve people's lives worldwide, announced that they have signed a Memorandum of Understanding (MOU) for comprehensive and integrated services which refer to the development, and manufacturing of bioconjugates include antibody-drug conjugates(ADCs). Under the collaboration, Celltrion will delegate WuXi XDC as primary service provider on each of the integrated projects, from process development to GMP manufacturing, within the global territory. WuXi XDC will be strategic service partner to support Celltrion's innovative pipeline advances, providing comprehensive services from process development to one-stop GMP manufacturing, aiming to accelerate the development of ADCs at a fast speed and with high quality. Mr. Jong Moon Cho VP of Celltrion, commented, "Celltrion is focused on fostering the innovation to answer the unmet needs and contribute to the sustainability of healthcare systems. WuXi XDC is an ideal partner for Celltrion given their advanced platform and broad expertise in ADC development and manufacturing. Collaborating with WuXi XDC provides an exciting opportunity for us to further accelerate our innovative pipeline development and benefit patients worldwide." Dr. Jimmy Li, CEO of WuXi XDC, commented, "We are very pleased to partner with Celltrion to accelerate their innovative pipeline. With our fully integrated, one-stop platform, we look forward to collaborating with Celltrion to expedite the development and manufacturing for ADC and other bioconjugate candidates. As a global CRDMO, we remain committed to enabling our clients to advance and grow innovative therapeutics at a fast speed and with high quality, and supporting them to achieve the goal of benefiting patients worldwide in the coming years." About Celltrion Celltrion is a leading biopharmaceutical company based in Incheon, South Korea that specializes in researching, developing and manufacturing innovative therapeutics that improve people's lives worldwide. The company's solutions include world-class monoclonal antibody biosimilars such as REMSIMA®, TRUXIMA® and HERZUMA®, providing broader patient access globally. Celltrion has also received U.S. FDA and EMA approval for VEGZELMA® and YUFLYMA®, FDA approval for ZYMFENTRA™, and EMA approval for REMSIMA®SC. Celltrion pursues sustainable growth by leveraging its experience and assets in the successful biosimilar business to develop new medicines and healthcare platform technologies. The company works with a sense of duty to advance patients' wellness and provide them with enhanced access to reliable healthcare. To accomplish this, Celltrion adheres to strong internal ethical standards in its daily operations. To learn more, please visit www.celltrion.com. About WuXi XDC WuXi XDC Cayman Inc. ("WuXi XDC", stock code: 2268.HK) is a leading global CRDMO focused on antibody drug conjugates (ADC) and the broader bioconjugate market. It provides end-to-end contract research, development and manufacturing services for bioconjugates, including ADCs. Its services cover antibody intermediates and other biologics intermediates, chemical payloads and linkers, as well as bioconjugate drug substances and drug products. For more information about WuXi XDC, please visit: https://wuxixdc.com Contacts Investor Inquiry: wuxixdc.ir@wuxibiologics.comMedia Inquiry: wuxixdc_pr@wuxibiologics.comBusiness Development: wuxixdc_info@wuxibiologics.com
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