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Customers to Quickly Add Voice Recognition Technology for Endpoint Applications Within Home Appliances, Building Automation, Industrial Automation and Many More TOKYO, Japan, and Taipei, TAIWAN, June 29, 2022 ― Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, and Cyberon Corporation, a leading embedded speech solution provider, today announced that they have partnered to deliver voice user interface (VUI) solutions for customers using Renesas’ entire RA MCU line. Renesas RA customers will now have complimentary access to Cyberon’s industry-leading continuous command-based VUI toolchain, enabling them to add voice-recognition to a variety of endpoint applications in home appliances, building automation, industrial automation, wearables, and many more. Voice recognition is growing rapidly worldwide, driven by the explosion of IoT applications and the COVID-19 pandemic. Cyberon’s proven voice-recognition technology has been adopted in millions of devices worldwide. Renesas is making a Voice Reference Hardware Platform available to enable rapid prototyping and development of voice interfaces. The new hardware platform enables local voice recognition without a network connection using Cyberon’s DSpotter solution. DSpotter’s phoneme-based modelling approach allows quick command customization with only text input, eliminating the need for massive voice data collection and thereby reducing development costs and time. DSpotter supports over 40 global languages, empowering customers to adopt voice technology on embedded applications worldwide. This Voice User Interface (VUI) solution demonstrates how easy it is to control a system with a simple voice command interface without extensive coding experience or in-house expertise. “Customers in multiple segments are looking for help to quickly add reliable voice user commands to their products,” said Mohammed Dogar, Vice President of Global Business Development and Ecosystem in Renesas’ IoT and Infrastructure Business Unit. “Our partnership with Cyberon gives them access to proven voice technology across our entire line of RA MCUs, from entry-line to full-featured devices.” “We are honored to collaborate with Renesas to simplify the development of embedded voice recognition functions," said Alex Liou, Vice President of Cyberon's Embedded Solution BU. "Cyberon's DSpotter algorithm meets the market's diverse requirements for both costs and performance. The combination of DSpotter and Renesas’s leading MCU technology enables customers to develop high-performance, reliable and cost-efficient products in a timely manner.” Key Features of the Renesas Voice User Interface Reference Solution Complimentary access to the DSpotter Toolchain Voice Activity Detection (VAD) to reduce power consumption by more than 30%, allowing power-constrained IoT end-point applications to run in always-on mode Voice Audio Playback (VAP) to enable voice input and voice responses Support for up to two digital microphones and two analog microphones External QSPI flash provides the ability to store voice samples and library data Multiple communications interfaces including a Pmod interface (type-2A/3A/6A), USB type-C and micro-B, and on-board j-link Segger debugger/programmer Availability A recent blog on Renesas.Com offers an excellent overview of voice user interface design. More information on Renesas’s VUI solutions, including a link for qualified customers to request the new kit and the VUI solution package, is available at www.renesas.com/voice-recognition. About Cyberon Corporation Cyberon Corporation, with its headquarter in New Taipei City, Taiwan, is a leading speech solution provider. Established in 2000, Cyberon has rich experiences in speech algorithm and application development. Its speech recognition and text-to-speech technologies have been widely adopted by IoT devices, home appliances, wearable devices, smart toys, automotive equipment, and enterprise customers. Cyberon provides a full range of voice solutions for embedded MCU/DSP, OS platforms, and server-based services, and is committed to providing users with natural and convenient human-machine voice interfaces. Learn more at cyberon.com.tw Follow us on Facebook and YouTube. About Renesas Electronics Corporation Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. A leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, YouTube and Instagram. (Remarks). All names of products or services mentioned are trademarks or registered trademarks of their respective owners.
Cloud-based SaaS technology from Nasdaq to underpin CIX’s third platform – a spot exchange for quality carbon credits Partnership brings cutting-edge trading functionalities to the voluntary carbon market for the first time to serve the growing needs of financial institutions and institutional investors Slated for launch in early 2023, the exchange will enable two-way spot trading via standardised contracts, increasing access to transparent pricing signals and real-time market data NEW YORK and SINGAPORE, June 28, 2022 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) and Climate Impact X (CIX), a global marketplace and exchange for quality carbon credits, today announced a strategic technology partnership that will help unlock price transparency and liquidity in the voluntary carbon market. The agreement will see CIX leverage Nasdaq’s robust matching technology to power its spot trading platform, which will launch in early 2023 for financial institutions and institutional investors worldwide. Carbon credits have a range of attributes that can influence their price – such as the type of project or its location – since buyers value these characteristics differently. This inconsistency creates challenges in matching an individual buyer with a corresponding supplier, and can often be a time-consuming and inefficient process.i Through Nasdaq’s Marketplace Services Platform, CIX will enable resilient and dynamically scalable trading in a cloud-based Software-as-a-Service (SaaS) environment. Furthermore, CIX’s spot exchange will match buyers and sellers based on unique requirements. This helps ensure that buyers are procuring quality credits that meet their regulatory obligations among other needs, while removing bottlenecks to supplier financing, further enabling the growth and development of the global carbon markets. Designed according to rigorous regulatory, reliability and security standards proven in the financial industry, Nasdaq’s technology will enable CIX to bring exchange-grade trading functionalities to the voluntary carbon market. This will cater to the increasingly complex needs of buyers and sellers of standardised contracts. Established as a joint venture between DBS Bank, Singapore Exchange (SGX Group), Standard Chartered and Temasek, CIX brings to life a vision to drive environmental impact at scale by building resilient platforms, collaborating with innovative partners, and fostering ecosystems that help companies take practical climate action. The upcoming launch of its spot exchange rounds out the suite of platforms CIX is developing to flexibly serve the market as well as create strong demand and pricing signals. “One of CIX’s goals is to create strong pricing signals for the liquid market. Enabling a trade matching process that is as seamless as possible will help to simplify the buyer’s journey and improve price transparency in the voluntary carbon market,” said Mikkel Larsen, Chief Executive Officer of CIX. “Nasdaq brings unparalleled expertise in matching technology. We are pleased to join forces on our journey to build a global carbon exchange that is underpinned by quality and transparency.” “As a technology partner to trusted market infrastructure operators and new markets around the world, Nasdaq is uniquely positioned to collaborate with a marketplace innovator like CIX to bring their bold climate vision to life through our SaaS technology platform,” said Roland Chai, Executive Vice President and Head of Market Platforms, Nasdaq. “We look forward to partner with CIX to develop and evolve the global carbon industry.” The technology agreement between CIX and Nasdaq is the most recent step in Nasdaq’s efforts in the intersection of carbon transformation and technology space. Earlier in 2022, Nasdaq launched the world’s first carbon removal indexes. Meanwhile, CIX and Nasdaq partner Puro.earth recently announced a strategic partnership to increase access to quality nature- and technology-based carbon removal credits. Nasdaq’s end-to-end market technology powers more than 2,300 companies in 50 countries, spanning the world’s financial industry, including capital markets infrastructure operators, market participants, banks, and regulators. About Nasdaq Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software, and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com About Climate Impact X Jointly established by DBS Bank, Singapore Exchange (SGX Group), Standard Chartered and Temasek, Climate Impact X (CIX) is a global marketplace and exchange for quality carbon credits based in Singapore. CIX maintains a high-quality threshold for carbon credits offered on its platforms and is committed to a high-integrity approach to scaling the voluntary carbon market. CIX is developing several platforms and products to flexibly serve different needs of carbon credit buyers and suppliers. The CIX Project Marketplace (launched February 2022) offers quality carbon credits that can meet corporate sustainability objectives. CIX’s Auction platform is a specialised digital venue for discovering prices of unique credit types, newly issued credits and customised portfolios of projects through the efficient aggregation of market supply and demand. The exchange will enable two-way spot trading of quality credits through standardised contracts, hosting liquid contracts and providing the market with clearer price transparency and risk management solutions. For more information, please contact: Nasdaq Yan-yan Tong yan-yan.tong@nasdaq.com +1 240 721 80 66 Climate Impact X Daphne Chuah daphne.chuah@climateimpactx.com i McKinsey and the Taskforce on Scaling Voluntary Carbon Markets (2021): https://www.mckinsey.com/business-functions/sustainability/our-insights/a-blueprint-for-scaling-voluntary-carbon-markets-to-meet-the-climate-challenge - NDAQG -
Former UFC Heavyweight Champion Stipe Miocic rejoins Modelo’s community-based initiative to refurbish local gyms and strengthen the Fighting Spirit across the nation Las Vegas Gym Revitalization The team celebrating the renovations of Fight Capital Gym in Las Vegas CHICAGO, June 28, 2022 (GLOBE NEWSWIRE) -- As the 10th Annual UFC International Fight Week kicks off, Modelo®, the beer brewed for those with the Fighting Spirit™, and long-standing partner UFC®, today announced year two of its gym revitalization program in partnership with leading nonprofit Rebuilding Together. Modelo is on a mission to boost the Fighting Spirit across the nation by providing hard-earned renovations to local training gyms that play an integral role in strengthening their communities. Building on last year’s partnership, the trio will refurbish local gyms this year in Denver, Charlotte, Las Vegas and New Orleans. “Modelo is excited to reignite and build upon the incredible work we accomplished rebuilding gyms in our first year with UFC and Rebuilding Together,” says Greg Gallagher, Vice President, Modelo Brand Marketing. "Access to the services provided by local gyms strengthens communities and ensures everyone can nurture their own Fighting Spirit, which is why we’re so proud to be involved in an initiative that breathes new life into those crucial spaces.” To launch year two, Modelo brought the community-based initiative to a gym near UFC’s global headquarters in Las Vegas to observe the world’s largest celebration of combat sports, UFC International Fight Week. Modelo, Rebuilding Together and UFC provided Fight Capital Gym with a well-deserved revamp, including new jiu-jitsu mats, speed bag mounts, boxing bags and flooring, with the help of two of the biggest names in the industry. Former UFC heavyweight champion and longtime brand ambassador Stipe Miocic and UFC commentator Jon Anik lent their time and expertise to Fight Capital Gym by assisting with the renovations and providing members with a special seminar. Fight Capital Gym embodies the Fighting Spirit through its work with servicemen and women, free quarterly self-defense seminars and efforts to help members gain physical and mental empowerment through combat sports. “After getting the chance to help a gym in my home state of Ohio last year, I am thrilled to have the opportunity to continue my involvement in this impactful program in a new, but equally meaningful, way,” says Stipe. “Las Vegas not only has a special place in my heart as the city where my career really took off but is also hugely important to UFC fans and community. Being able to give back to a community that has given me and my fellow fighters so much is such a rewarding experience.” Following UFC International Fight Week, the initiative will go on the road with UFC fighters Justin Gaethje, Stephen Thompson and Dustin Poirier also joining Modelo, UFC and Rebuilding Together to help with renovations at local gyms in Denver, Charlotte and New Orleans. Gaethje, Thompson and Poirier are giving back to gyms in cities that have left a lasting impact on them as individuals and shaped who they are today as professional athletes. “Working together to make a positive impact on the gyms that breed the next generation of fighters gives deeper meaning to our longstanding partnership with Modelo,” said said Paul Asencio, UFC Senior Vice President of Global Partnerships. “We’re especially excited to launch year two in Las Vegas – a city that means so much to our fans and fighters. Since the UFC wouldn’t be what it is today without the support of the Las Vegas community, it’s important for us to partner with Modelo to give back in meaningful and long-lasting ways.” During year one, Modelo, UFC and Rebuilding Together revamped gyms in Cleveland, Austin, Seattle and Saratoga. Building upon the first round of gym revitalizations this year is another proud step for Modelo in its ongoing commitment to support the Fighting Spirit in communities across the nation. About Modelo® Born in 1925 in the small town of Tacuba, Mexico, Modelo has been bringing distinctive high-quality beer to people ever since, including Modelo Especial®, Modelo Negra®, and a flavorful lineup of Modelo Cheladas. Modelo Especial is a golden, full-flavored Pilsner-style Lager with a clean, crisp finish. As the #1 imported beer in the U.S., Modelo Especial recently surpassed 150MM cases sold in 2021. The Modelo family of beers are exclusively brewed, imported and marketed for the U.S. by Constellation Brands. About UFC® UFC® is the world’s premier mixed martial arts organization (MMA), with more than 688 million fans and 198 million social media followers. The organization produces more than 40 live events annually in some of the most prestigious arenas around the world, while broadcasting to nearly 900 million TV households across more than 170 countries. UFC’s athlete roster features the world’s best MMA athletes representing more than 75 countries. The organization’s digital offerings include UFC FIGHT PASS®, one of the world’s leading streaming services for combat sports. UFC is owned by global entertainment, sports and content company Endeavor, and is headquartered in Las Vegas, Nevada. For more information, visit UFC.com and follow UFC at Facebook.com/UFC, Twitter, Snapchat, Instagram and TikTok: @UFC. About Rebuilding Together® Rebuilding Together is the leading national nonprofit organization repairing the homes of people in need and revitalizing our communities. Through its national network of affiliates, Rebuilding Together works proactively and collaboratively with community leaders, long-term residents, funders and volunteers to foster dialogue and create safe, healthy communities across the country. Learn more and get involved at rebuildingtogether.org. Media Contact: Stephanie McGuane Stephanie.mcguane@cbrands.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/973f00a2-5e65-4f03-9ef4-ad97f98e11dc
HONG KONG SAR - Media OutReach - 28 June 2022 - HONMA Golf Limited ("HONMA"; together with its subsidiaries, the "Group"; HKEx stock code: 6858), one of the most prestigious golf brands worldwide, announced today its consolidated results for the year ended 31 March 2022 (the "Period"). Financial Highlights All key financial metrics improved significantly, with the Group's revenue, profit before tax and earnings per share reaching record highs since its IPO listing. Group revenue of JPY28,971.1 million (equivalent to USD249.2 million), up 27.4% versus FY2020/21. Gross profit margin of 54.1%, up 3.8 percentage points from the same period last year. Profit before tax for the year increased significantly by 212.4% to JPY7,560.3 million (equivalent to USD65.0 million), with earnings per share increasing by 233.0% to JPY10.22. Operating cash flow was JPY5,916.5 million (equivalent to USD50.9 million), up 48.5% year-on-year. The Board proposed a final dividend of JPY2.0 per share, together with the interim dividend of JPY1.5 per share, total dividends for the financial year will amount to JPY3.5 per share. Total dividend payout will amount to JPY2,119.7 million, representing 34.2% of the Group's distributable profits for the period. During the Period, the global sports industry has shown signs of rapid recovery as governments around the world gradually relaxed COVID-19 related restrictions. In particular, the golf industry grew significantly in terms of participation and purchase interest. The Group has caught the tailwinds of industry development to actively implement its three-pronged growth strategy, namely product, channel and branding, and has achieved remarkable results. All markets demonstrated robust growth Geographically, most of the Group's main markets recorded robust sales growth compared to the same period last year, with revenue from Japan, China, Europe and Other Regions rising sharply by 29.8%, 38.7%, 47.1% and 48.7% year-on-year, respectively. On the back of a complete recovery of the retail environment, revenue from Japan rebounded by 29.8% to JPY8,497.2 million, fueled by the successful activation of BERES Aizu club sets in December 2021. In China, where public interest in outdoor sports surged after COVID-19, golf participation has been noticeably growing. Revenue from China (including Hong Kong and Macau) continued to rise by 38.7% year-on-year to JPY7,644.3 million, thanks to further improvement in retail operations and investments in digital marketing and e-commerce business. In another key home market, Korea, revenue grew by 7.0% year-on-year to JPY6,831.6 million, despite a mid-year change in the distribution rights for the Tour World club family, which is designed to pivot growth in the premium performance segment with a dedicated sales force and focused market penetration approach. Revenue from Europe and Other Regions also skyrocketed by 47.1% and 48.7% year-over-year, respectively, thanks to the successful activation of multiple club products and enhanced brand recognition. The Group's growth strategy in Europe and the United States was successfully advanced while ensuring a solid financial standing in both markets. Successful product strategies and new product launch accelerated growth for both golf club and non-club segments During the Period, all product categories revealed double digit revenue growth across the board, led by the apparel business with a record growth of 71.6%, while revenue from golf club, golf balls and accessories grew by 23.9%, 11.8% and 43.1%, respectively. The Group's non-club segment continued to increase its revenue share to 28.1%, compared to 26.0% in the same period last year. The Group now offers a complete golf lifestyle experience through its comprehensive range of golf and complementary products in the super-premium and premium-performance segments. HONMA continued to focus on club products that best represent Japanese traditional craftsmanship and innovative technology and made the decision to enhance and extend its product offering in both the super-premium and premium-performance segments. HONMA applied several of its revolutionary proprietary technologies to upgrade with a modern and sophisticated design and development approach in its latest BERES and TOUR WORLD products, which are designed for affluent and avid golfers. Following the successful launch of Beres Aizu and TW757, golf club sales grew by 23.9% during the Period, reconfirming HONMA's strong brand equity and its ability to withstand economic challenges since it entered the golf business in 1959. Beyond clubs, HONMA has been continuously nurturing its non-club business in Asia home markets as an important pillar of its growth strategy. To support HONMA's ambitious goal in apparel business expansion, the Group has assembled dedicated apparel design and sales teams in Japan, China and Korea and created a network of quality retail footprints. Sales from apparel increased by 71.6% to JPY2,963.4 million during the Period, mainly contributed by strong sales performance in China and Korea from HONMA's 2021 Fall/Winter and 2022 Spring/Summer apparel collections. Revenue from golf balls grew steadily by 11.8% to JPY2,974.1, despite the lingering negative impacts of the pandemic on retail and supply chain activities. The Group further prioritised its product development resources and launched golf balls with its own patent to meet HONMA brand positioning and customer preferences. Accelerating e-commerce and connecting online and offline channels to build a digital ecosystem During the Period, the Group continued to make investments into the fast-growing e-commerce business and recorded a surge in online sales by 80.1% over the same period last year. The Group started its digital transformation well before the pandemic and has added e-commerce capabilities in China, Japan, and the US. China led the growth in online sales by 91.4%, mainly from Tmall and JD flagship stores. In Japan and North America, the company sells online through its own e-commerce websites, creating important brand touchpoints for consumers to understand and search for HONMA products, local retailers or fitting experience. The Group implements a variety of digital marketing efforts, including re-targeting efforts in social media and search engine optimisation, to drive website traffic among potential target shoppers. To create an end-to-end digital ecosystem around the re-defined brand and golfers in the super-premium and premium-performance segments, the Group also revamped its customer relationship management ("CRM") systems in key markets such as Japan, China and the US, to provide consumers with the ultimate 360-degree brand experience, strengthen HONMA's direct-to-consumer communication and eventually increase sales both online and offline. HONMA operates the largest number of self-operated stores among major golf companies, with a total of 80 HONMA-branded self-operated stores located in Asia to provide consumers with a 360-degree experience of the HONMA brand and its products. During the Period, the number of self-operated stores remained steady versus revenue growth of 22.0% to JPY7,285.0 million, demonstrating visible improvement in single-store sales through renewed product offering and continued optimisation of HONMA's retail operations. Meanwhile, revenue from third-party retailers and wholesalers rose 29.4% to JPY21,686.1 million, as most retailers recovered from the prolonged business disruptions following the COVID-19 outbreak. As of March 31, 2022, the Group's total POS increased by 209 year-on-year to 4,144. Re-defining the HONMA brand The Group is celebrating the 65th anniversary of the HONMA brand in FY2023. In recent years, the Group launched a series of initiatives that helped re-define and transform the HONMA brand as being dynamic, modern and global among younger and internet-savvy golfers. Such initiatives include but are not limited to renewed store visual design, revamped global website, enhanced PR activities and media presence, enriched TEAM HONMA with young, up and coming professional players, and partnership with golf community influencers and celebrities on various social media platforms. On 20 May 2022, one of the most popular Chinese actors, Li Yifeng, was named as HONMA's new brand ambassador. The partnership aims to break the stereotype of golf as being old-fashioned and to further broaden HONMA's reach to a wider spectrum of younger and sport-loving people. Content relating to the partnership gained more than 720 million impressions through online media and generated more than two million visits to the HONMA Tmall store on the same day of the announcement. Outlook Despite operating challenges and uncertainties that have persisted throughout the current financial year, HONMA expects pent-up demand to expand golf participation which will give rise to new orders from both golfers and HONMA's retail partners. Moving forward, the Group will continue to execute its mid- to long-term growth strategies to become a world-leading golf lifestyle company, by capitalising on HONMA's brand heritage, its increasing distribution network, breakthrough technology and traditional Japanese craftsmanship. Faced with the lingering uncertainty presented by the COVID-19 pandemic, the Group will also take proactive measures to decrease costs, optimise liquidity and protect its employees' health. Mr. LIU Jianguo, Chairman of the Board, President and Executive Director of HONMA Golf Limited, said: "The management are pleased with the results as we executed the growth strategies successfully. The key lies in the pursuit of perfection and innovation, which have been embedded in HONMA’s genes since its establishment six decades ago. We owe the success to the brilliant HONMA team and the support from all our shareholders. As we celebrate the 65th anniversary of the brand this year, we are committed to building HONMA into a world-leading golf company while continuing to pursue sustainable returns for our shareholders." About HONMA Golf LimitedHONMA is one of the most prestigious and iconic brands in the golf industry. Founded in 1959, the Group utilises the latest innovative technologies and traditional Japanese craftsmanship to provide golfers around the world with premium, high-tech and the best performing golf clubs, balls, apparels and accessories. HONMA's products are sold in approximately 50 countries worldwide, primarily in Asia and across North America, Europe and other regions. The Group was successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 6 October 2016 (SEHK stock code: 6858). As the only vertically integrated golf Group with in-house design, development and manufacturing capabilities, a strong retail footprint in Asia and a diverse range of golf clubs and golf-related products, HONMA is perfectly positioned to continually grow its business in Asia and beyond, benefitting from the return of golfers in mature golf markets such as the US and Japan and from increased participation in golf's new and under-penetrated markets such as Korea and China. #HONMA The issuer is solely responsible for the content of this announcement.
Leading Multi-branded Hospitality Group Expands Stronghold in Asia with the Introduction of Flagship Brand Banyan Tree, Cassia, Dhawa, and a Fresh New Concept GarryaSINGAPORE - Media OutReach - 24 June 2022 - Banyan Tree Group today announces its expansion into Japan, a frontier location for the global, multi-branded hospitality group. This introduction of four brands marks the Group's first-ever entry into Japan since its inception in 1994, and further reinforces its stronghold in Asia. Through a partnership with Wealth Management Group, Dhawa Yura and Garrya Nijo Castle have just launched earlier this month, while Banyan Tree Higashiyama and Banyan Tree Ashinoko Hakone are set to open from now through 2026. Separately, Banyan Tree Group has just signed a new partnership with Terraform Capital that will lead to a newly built Cassia in the beautiful ski resort of Niseko. Interweaving historic touchpoints, rich culture and natural wonders to provide true sense-of-place experiences for discerning travellers, these properties come just in time as Japan's borders reopen following a two-year break from international tourism. Banyan Tree Higashiyama Kyoto: Located in the Gion and Higashiyama district, Banyan Tree Higashiyama Kyoto will open in spring 2024 as a 52-key luxury, hilltop urban resort boasting spectacular views of Kyoto city. It will also be the first and only hotel in Kyoto city to have a Noh stage. Banyan Tree Ashinoko Hakone: Renowned for its hot spring, historical destination and views of Mount Fuji, Banyan Tree Ashinoko Hakone will be a new luxury resort development slated to open in 2026, in an area adjacent to Lake Ashino. Cassia Hirafu: A newly built resort set to open in 2025 in the most popular ski resort destination of Japan, Cassia in Niseko will be just minutes away from Hirafu ski slope. It will have 50 keys for the resort, and 113 keys for residential accommodation – ranging from 1-bedroom to villas that will be available for sale. Dhawa Yura Kyoto: Honouring the city's deeply rooted history, Dhawa Yura Kyoto opened its doors on 17 June beside the iconic Sanjo Ohashi – a bridge that was once the final station of the ancient Tokaido Road from Tokyo. The road served as a route for long-distance voyagers during the Edo period in Japan. The 138-room hotel's historic ties are reflected in the interior design and artwork, and an 8lement Spa will nurture guests on their journey to wellbeing. Garrya Nijo Castle Kyoto: As the first opening under the Group's newest concept, Garrya Nijo Castle Kyoto presents a new and distinct approach to wellbeing through simplistic design and amenities that recharge and rejuvenate. The 25-room hotel launched on 17 June, and is located right in front of Nijo Castle, a UNESCO World Heritage site first built in 1603 during the Tokugawa Shogunate. It offers a meditative view of lush greenery from the lobby, seasonal cuisine at its innovative French restaurant, Singular, and a Wellbeing Room for restorative exercises and yoga. In addition, Banyan Tree Group announces a strategic partnership with Intrance Hotels & Resorts Inc., focusing on conversion projects that will further propel the Group's growth in Japan. "We are pleased with our strategic entry into Japan, in line with the government's recent decision to ease international tourism into the country. Just in time to announce the openings of Dhawa and Garrya, in addition to the new partnerships that will expand our multi-branded portfolio. Kyoto is an unmistakable great start for Banyan Tree Group's foray into Japan, with its natural healing springs, vast history, and abundant culture," said Mr Eddy See, President and Chief Executive Officer, Banyan Tree Group. "Our four new upcoming locations and beyond will provide signature standards of service and diversified programming that will serve as a benchmark for all future Banyan Tree Group locations in Japan."
Multi-sector, yield-focused mandate leverages Apollo’s origination and credit expertise in APAC Region NEW YORK and MELBOURNE, Australia, June 22, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced the formation of an Asia Pacific Credit Strategy in strategic partnership with Hostplus, one of the five largest superannuation funds in Australia. The new strategy launches with US$1.25bn in assets, following an inaugural raise that includes a $500 million anchor commitment from Hostplus alongside Apollo’s internal and affiliated insurance balance sheets. The dedicated strategy brings Apollo’s global credit platform together with local expertise to capitalize on growing demand for private credit across Asia Pacific, providing companies and sponsors with flexible and bespoke solutions. The Asia Pacific Credit Strategy is designed to leverage Apollo’s credit expertise and differentiated asset origination to source high-quality opportunities across the yield spectrum. Today, Apollo has more than $10 billion1 of assets under management invested in the region and a growing team of nearly 60 investment professionals. Last year, Apollo appointed Partner Matt Michelini as Head of Asia Pacific, now based in Singapore, and hired an Australia-based credit team led by Partner Anthony Hermann, among other key additions. Apollo Co-President Jim Zelter said, “This strategy is a natural extension of our global credit capabilities and reflects growing demand in the region for flexible, expedient capital solutions from non-bank lenders. We are pleased to launch Asia Pacific Credit in alignment with our long-term partners at Hostplus, who share in our disciplined investment philosophy.” Hostplus CEO David Elia commented, “We are delighted to extend our 13-year relationship with Apollo, one of the leading global credit managers. This launch is part of our broader investment strategy to help to further diversify our investment portfolio to protect and grow our member investments over the long-term. Credit plays an important role in our strategic asset allocation to ensure we spread investment risk and help stabilize our investment portfolio, smoothing the ups and downs of investment market cycles.” “We continue to make tremendous progress building our team and capabilities across Asia Pacific to serve the growing credit needs of companies in the region,” said Matt Michelini, Apollo Partner and Head of Asia Pacific. “This new strategy seamlessly combines our global capital base and ability to provide large-scale, differentiated, cross capital structure solutions with local expertise and origination.” The Asia Pacific Credit Strategy will focus geographically on Australia, India, Singapore, South Korea and Hong Kong, with select deployment across other parts of the region. Launch of the strategy follows increasing investment activity in APAC for Apollo. Recently, Apollo-managed credit funds provided a comprehensive, US$750 million financing for Mumbai International Airport Ltd., one of the largest-ever private placements in India. Apollo also helped to structure and made a cornerstone investment in a A$150 million sustainability-linked note issuance for Ampol in Australia, with targets that included carbon-emission reductions and installation of EV charging points supported by 100% renewable energy. In addition to increased investment opportunities in the region, Apollo continues to grow its partnership with key Asian and Australian investors. Since 2017, Apollo has raised more than $22 billion from institutional investors in the region. About Apollo Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2022, Apollo had approximately $513 billion of assets under management. To learn more, please visit www.apollo.com. About Hostplus Hostplus has grown to be one of the largest industry super funds in Australia. With over 1.5 million members, more than 250,000 employers and $89 billion in funds under management (as at 20 April 2021), our scale and ongoing growth allows for low member costs and a broad range of investment opportunities. To learn more, please visits www.hostplus.com.au. Contacts Apollo Noah Gunn Global Head of Investor Relations 212-822-0540 IR@apollo.com Joanna Rose Global Head of Corporate Communications 212-822-0491 Communications@apollo.com Hostplus Nathan Motton +61 447 771 882 media@hostplus.com.au 1 APAC-based assets as of 3/31/22 with pro forma inclusion of commitment to Mumbai International Airport Ltd.
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