VENTI TECHNOLOGIES AUTOMATING GLOBAL LOGISTICS, INDUSTRIAL HUBS VIA US$28.8 MLN SERIES A FUNDING29/3/2023 KUALA LUMPUR, March 29 (Bernama) -- Venti Technologies, a world leader in autonomous logistics for global supply chain and industrial hubs, has announced securing US$28.8 million in a Series A financing. (US$1=RM4.39) The financing round was led by LG Technology Ventures, the Silicon Valley-based venture capital arm of the LG Group, with participation from Safar Partners, UOB Venture Management, and existing investors Alpha JWC and LDV Partners. In a statement, the company said the funding will be used to accelerate Venti's growth and meet increasing demand from customers worldwide. “With this new round of funding, we are well-positioned to broadly deploy our autonomous logistics solutions to power safer and more efficient global supply chains and industrial yards. “Our autonomous vehicles have industrial grade precision in everyday operating environments and are already successfully in use. We have the potential to revolutionise goods transportation and are excited to be working with partners around the world to make this vision a reality,” said its Founder and Chief Executive Officer, Heidi Wyle. Each year, trillions of dollars of goods pass through global supply chain and industrial hubs such as ports, airports, factories, warehouses and depots. These hubs face key challenges such as driver shortages, supply disruptions and safety concerns. Venti’s full-scope autonomy solutions require no change to existing infrastructure and work with any vehicle in any logistics or industrial hub. After three years of development in one of the world’s largest container ports, the company’s fleets can navigate complex environments and heavy traffic, with unmatched precision and the ability to park 45-foot tractor-trailers accurately down to one inch. -- BERNAMA
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SEOUL, South Korea, March 28 (Bernama-BUSINESS WIRE) -- The BRANDSTARS Selection Committee hosted the 5th 2023 Korea Representative Brand and selected Korea’s best brands by industry.
This event, which is announced annually through major media outlets in China and other Asian countries, has been organized to provide global customers with reasonable product information and promote the growth of corporate brand value by selecting and publicizing Korea's representative brands known for excellent quality and services. As the brands that represent each industry, Samsung Electronics' Galaxy Z Flip4 (smartphone), Hyundai Motor Company's Genesis (car), Kia's EV6 (electric vehicle), LG Electronics' Whisen (air conditioner), SSG.com (online shopping), The Shilla Hotels & Resorts (accommodation), Kiturami Energy (Boiler), Bacchus (energy drink), Kumsung Kamping KidKid (education), Agabang (infants clothing), Kakao (mobile platform), and Vovo (household appliances) were selected. In addition, in the category of the entertainment, the idol group BTS (K-pop group) was chosen. Amorepacific’s Sulwhasoo and LG Household and Health Care’s The History of Whoo, Olive Young (beauty multi shop), and Well-being Health Gounbal (skin care) were selected in the category of K-beauty cosmetics. In the K-food category, winners include Bibigo (instant food), Shin Ramyun (Nongshim), Paris Baguette (bakery), BBQ (chicken), Ottogi (ketchup), Buldak-bokkeum-myeon (spicy ramen), MAMACOOK (side dish), Baunenajoo (Beef-bone soup) and Garimi (seaweed). In the K-fashion category, LF Hazzys (casual wear) was selected and in the healthcare category, CheongKwanJang (red ginseng), Boto (health food) and Neo safe guard KF-94 (K-quarantine mask) were selected. As for the leading tourism brand, Jeju Island (tourist attraction) was selected. Samsung Electronics’ Galaxy, Hyundai Motor Company’s Genesis, LG Electronics’ Whisen, BTS, Sulwhasoo, The History of Whoo, Gounbal, Bibigo, Ottogi, Baunenajoo, CheongKwanJang and Jeju Island have been selected for 5 consecutive years, and Hazzys, SSG.com, Neo safe guard, The Kia EV6, Boto, Agabang, and Kiturami Energy have been in the list for more than two years. The Korea Representative Brand are selected for conglomerate, medium-sized, and small business categories in each industry based on integrated media and consumer evaluations. View source version on businesswire.com: https://www.businesswire.com/news/home/53367180/en Contacts BRANDSTARS Selection Committee KJ.Kim +82-2-544-0153 [email protected] http://brandstars.kr/ Source: BRANDSTARS Selection Committee http://mrem.bernama.com/viewsm.php?idm=45759 QUEBEC CITY, March 27 (Bernama-GLOBE NEWSWIRE) -- LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD software technology, announces its third product launch since December with the LeddarVision™ Surround (LVS-2+). This product is a comprehensive fusion and perception software stack to support premium surround-view L2/L2+ ADAS highway assistance and 5-star NCAP 2025/GSR 2022 safety applications.
LeddarVision Surround (LVS-2+) is the latest low-level sensor fusion and perception product built on LeddarTech’s award-winning LeddarVision software. The LVS-2+ expands the company’s current product offering of the LeddarVision Front-Entry LVF-E and Front-High LVF-H. These products target entry- to premium-level ADAS applications. The LVS-2+ efficiently extends the LVF front-view product family from a one-camera plus two to five-radar (1V2R-1V5R) sensor configuration to a five-camera plus five-radar (5V5R) configuration. This enhanced configuration supports ADAS functions such as traffic jam and highway assist applications, enabling automated lane changes, overtaking and extended speed range adaptive cruise control. mrem.bernama.com/viewsm.php?idm=45750 KUALA LUMPUR, March 28 (Bernama) -- Zoom Video Communications Inc has announced the expansion of Zoom IQ, a smart companion that empowers collaboration and unlocks people’s potential at Enterprise Connect. According to Zoom in a statement, Zoom IQ summarises chat threads, organises ideas, drafts content for chats, emails and whiteboard sessions, as well as creates meeting agendas, among others. The company also announced it will use OpenAI to bolster its unique federated approach to artificial intelligence (AI) based on flexibility. Zoom’s federated approach to AI leverages its own proprietary AI models, those from leading AI companies such as OpenAI and select customers’ own models. With this flexibility to incorporate multiple types of models, Zoom’s goal is to provide the most value for its customers' diverse needs and these models can also be customised to perform better for a customer, based on their vocabulary and requirements. “We are excited to bring many more capabilities with new large language models. Our unique approach to AI will give customers the flexibility they want and help significantly improve collaboration and customer relations,” said Zoom chief product officer, Smita Hashim. Zoom IQ will have a host of new capabilities scheduled to release soon, including Zoom IQ chat compose in which Zoom Team Chat users can soon use the compose feature to help compose messages based on conversational context in addition to changing message tone to customise suggested responses. In addition, with Zoom IQ email compose, users will get email draft suggestions in response to the conversational context from prior Zoom Meetings, Zoom Phone calls and email threads. Meanwhile, Zoom IQ meeting summary generates a summary, captures next steps, and shares via Team Chat, Zoom Calendar and email without recording the conversation, so those who did not attend will no longer have to sit through lengthy recordings. Additionally at Enterprise Connect, Zoom is also showcasing other innovations to make teamwork more meaningful and strengthen customer relationships with Zoom Huddles; Intelligent Director; and Zoom Scheduler. -- BERNAMA HONG KONG, March 27 (Bernama-BUSINESS WIRE) -- The eyes of the art world turn to Hong Kong this week as colour, creativity and vibrancy descend upon the city for the arts and culture scene. Headlined by large-scale fairs Art Basel Hong Kong and Art Central, the internationally renowned celebration of arts and culture sees a suite of world-class events, encounters and experiences taking place throughout the city, showcasing Hong Kong’s thriving creative landscape while reinforcing its position as a global cultural hub.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230324005124/en/ Art Basel Hong Kong and Art Central anchor arts lineup Art Basel Hong Kong (March 23-25) is hosting the biggest edition of the international art fair since 2019 which this year features 177 exhibitors from 32 countries and territories. Taking place concurrently will be Art Central (March 22-25), Hong Kong’s homegrown art fair that has established itself as one of the region’s most significant platforms for emerging artists. These two world-class art fairs have helped Hong Kong become firmly established as one the world’s foremost hubs for international arts and cultural exchange. In particular, Hong Kong Tourism Board is teaming up with Art Central in launching an “Arts in Hong Kong café” to invite visitors to walk into the contemporary art gallery like café and see the collaborative works of local and overseas artists. Show-stopping installations, must-see exhibitions across the city As Hong Kong’s stock on the global arts stage continues to go from strength to strength, a host of opportunities for artistic encounters can also be discovered around town. Harbour City is currently home to large-scale work ‘GIANTS: Rising Up’. The first of French artist JR’s GIANTS series in Asia, this 12mx12m installation depicts a larger-than-life high-jumper in graceful mid-flight backdropped by the iconic Victoria Harbour, and features a nod to traditional Hong Kong craftsmanship with the use of bamboo scaffolding, running from 13 March to 23 April 2023. Pacific Place hosts the world premiere of ‘Gravity’, a 10-metre-tall work by Los Angeles-based conceptual artist Awol Erizku. The piece is a playful depiction of the figure of King Tutankhamun that invites visitors to take a detour from their usual route, and represents the first-ever offsite activation of Art Basel Hong Kong’s Encounters sector, running from 17 March to 2 April 2023. ArtisTree this month has unveiled ArtisTree Selects: Urban Rocks, a solo exhibition featuring brand-new sculptural works by Hong Kong-based French artist Polo Bourieau. The 12 stone sculptures, made in the intimacy of the artist’s Tuscan workshop in 2021, are inspired by Chinese scholars’ rocks, and examine humanity’s indelible mark on the planet, running from 16 March to 9 April 2023. Clouds, Power and Ornament – Roving Central Asia is now showing at CHAT (Centre for Heritage, Arts and Textile) at The Mills. Greater China’s first-ever comprehensive Central Asian textile art exhibition features works by 26 art and culture creators from the landlocked region to explore how artists and designers there use textile as a medium of preservation, response and cohesion. Opening to the public from 25 February to 21 May 2023. Street Art in the Spotlight Street art will be in the spotlight this dynamic art week, with prominent showcases examining the movement from its beginnings to the here and now. Street art festival HKwalls makes a vibrant return to Hong Kong this week. The eighth edition of the much-loved event will once again transform neighbourhoods in the Central and Western District into outdoor galleries, and has also invited six internationally acclaimed mural and street artists to create their first pieces in the city. Another harbourfront highlight is ‘VLTRAPHOTONICS’, a 4,000sqm digital artwork by Spanish street artist J. Demsky that takes over the façades of Tsim Sha Tsui Centre and Empire Centre. The site-specific work, a collaboration between HKwalls street art festival and Sino Group, will light up Victoria Harbour each night until 12 April with over 82,000 LED bulbs. K11 Arts Foundation presents City As Studio, Greater China’s largest ever exhibition of graffiti and street art. Curated by Jeffrey Deitch, the show examines the history of the form from its emergence as counter-cultural expression in 1970s New York to its rise as a global phenomenon, and features works by pioneers Jean-Michel Basquiat, Keith Haring, Fab 5 Freddy, Lady Pink and more. Throughout the year, Hong Kong plays host to a vibrant and diverse range of arts and cultural events that showcase the city's creative energy and talent. These events set the stage for even more cultural celebrations, such as the upcoming Le French May. Be ready to say Hello to Hong Kong! Members of the media can download photos from the following link: https://drive.google.com/drive/folders/1QGLxmKvzaR5ZmFx5TtNffBk33CqgdOwO?usp=share_link For more information, please go to: Website www.discoverhongkong.com Facebook @DiscoverHongKong Instagram @discoverhongkong Twitter @discoverhk YouTube @hongkong WeChat微信 hktbwx Weibo微博 香港旅游发展局 @hktb Tik Tok抖音 @discoverhongkong View source version on businesswire.com: https://www.businesswire.com/news/home/20230324005124/en/ Contact For media enquiries, please contact: Ms. Holly Chan Email: [email protected] Ms. Natalie Chan Email: [email protected] Source : Hong Kong Tourism Board --BERNAMA KUALA LUMPUR, March 24 (Bernama) – A marine fuel logistics company, CBL International Limited (CBL International or the Company), together with its wholly owned subsidiaries announced the pricing of its initial public offering (IPO) of 3,325,000 ordinary shares (Shares) at a price to public of US$4 per Share. (US$1=RM4.42)
The price is for the total offering size of approximately US$13.3 million, assuming the underwriters do not exercise their over-allotment option to purchase additional Shares. According to a statement, the Shares will begin trading on March 23, on the Nasdaq Capital Market under the symbol BANL, and the offering is expected to close on March 24, subject to customary closing conditions. CBL International has granted the underwriters a 45-day option to purchase up to an aggregate of 498,750 additional Shares to cover over-allotments at the IPO price, less underwriting discounts. If the underwriters exercise their option to purchase the additional Shares in full, the total proceeds from the offering are expected to be approximately US$15.3 million. The Company intends to use the net proceeds from the offering for enlarging the number of local suppliers to enhance its competitiveness as well as to increase the service options available in the Singapore and South Korea markets. The proceeds will further increase the Company’s business market shares in existing markets; for cash collateral to conduct trade financing activities with financial institutions, thus creating transaction records for further acquisition of bank financing to facilitate its business growth. It also will be used for procuring and developing a centralised management information system in order to enhance its daily management control and treasury management; and other working capital and general corporate purposes. Pacific Century Securities, LLC is acting as lead book running manager of this offering, Loeb & Loeb LLP as counsel to the Company, and The Crone Law Group, P.C. as counsel to Pacific Century Securities, LLC. -- BERNAMA KUALA LUMPUR, March 24 (Bernama) -- Global credit rating agency, AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM).
The outlook of these Credit Ratings (ratings) is stable and the ratings reflect CTIM’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. According to a statement, CTIM’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, remained stable and is at the strongest level as of year-end 2021. The company’s capital level remained robust at the similar level in 2022, and its investment strategy remained conservative and stable, with the majority of its investment assets in cash and investment grade bonds. Delivered a five-year average return on equity of 18.7 per cent during 2017 to 2021, based on audited financials, CTIM continues to be profit generating in 2022, supported by positive underwriting results, and partially offset by unfavourable investment results. The company’s net combined ratio improved to 71 per cent in 2022 from 82 per cent in 2021, while the ratio is expected to normalise as the local economy recovers from the COVID-19 pandemic. Its investment results turned negative in 2022 due to market volatility but are expected to continue to support the company’s overall operating performance through stable streams of interest, dividend and rental income in the future. CTIM maintains a long track record as the leader in Macau’s non-life insurance segment and has a market share of close to 34 per cent in 2022 based on gross premium written. The company’s underwriting portfolio and distribution channel were stable and diversified, while the company continues to develop its online channel and explore cross-selling opportunities in its affiliated life insurance company in Macau, China Taiping Life Insurance (Macau) Company Limited. For more information, visit www.ambest.com. -- BERNAMA KUALA LUMPUR, March 24 (Bernama) -- Ohmyhome Limited (Ohmyhome), a data-driven property technology (proptech) company, participated in the closing bell ceremony at the Nasdaq MarketSite in New York marking the success of its initial public offering (IPO) on March 21.
Ohmyhome is the first Singaporean company that has been listed in the United States (US) this year, and has made history by becoming the first women-only founded proptech company listed in the US. According to a statement, this achievement not only highlights Ohmyhome's exceptional growth and success but also underscores the significant strides made by women in the traditionally male-dominated field of property and technology. Its Chief Executive Officer and Co-founder, Rhonda Wong and Chief Operating Officer and Co-founder, Race Wong, presided over the ceremony where they were joined by their families, employees, partners and investors to perform the customary ringing of the closing bell. “Today marks a very significant milestone for us. Race and I are sisters. As a family of migrants, growing up, we moved homes 20 times. “We understand the aspirations and disappointments that come with a home transaction and how that impacts a family, we know that home transactions must be handled with honesty and integrity. And that is exactly what Ohmyhome stands for,” said Rhonda. Meanwhile, Race said: “We will continue to invest into building the future of property technology. Believe in us not just in the past and present, but in the future as we continue to take Ohmyhome to greater heights.” Since its launch in 2016, Ohmyhome has transacted more than 11,600 properties through its platform and helped thousands of families sell or buy their homes with ease, speed and reliability. With a data-driven and a customer-centric approach, Ohmyhome prioritises the needs of the customers by allowing homesellers to post their listings for free and sellers to connect with potential buyers directly. -- BERNAMA 'MEDICAL KOREA 2023 CONFERENCE' ON GLOBAL MEDICAL INDUSTRY PROSPECTS TO KICK OFF ON MARCH 23 AT COEX24/3/2023 SEOUL, South Korea, March 22 (Bernama-BUSINESS WIRE) -- The Ministry of Health and Welfare (MOHW) and the Korea Health Industry Development Institute (KHIDI) will host Medical Korea 2023 - The 13th Global Healthcare & Medical Tourism Conference at Coex in Seoul from March 23 (Thu) to March 24 (Fri), 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230321005095/en/ The conference will be held as a large-scale offline event, the first time in three years after the COVID-19 outbreak. Medical Korea 2023 is one of the largest global healthcare conferences in Korea with the aim of the globalization of the Korean healthcare industry. The conference begins with keynote lectures by Jamie Metzl, a technology and healthcare futurist and Hwang Hee, CEO of Kakao Healthcare. The lectures consist of 4 forums and 6 seminars covering various topics such as medical tourism trends, online training, personal health record, digital healthcare, and scale-up strategies for regional global healthcare business, in attendance of 65 speakers. Various programs such as business meetings, an exhibition (digital healthcare experience center and promotion hall for foreign patient evaluation and certification system), G2G meetings, etc. are in place to promote the discovery of channels to attract new customers through exchanges between overseas buyers and domestic sellers, and the expansion into the overseas markets by the health industry. mrem.bernama.com/viewsm.php?idm=45715 SINGAPORE, March 22 (Bernama-GLOBE NEWSWIRE) -- Ohmyhome Limited ("Ohmyhome"), a data-driven property technology company based in Singapore, yesterday announced the pricing of its initial public offering of 3,775,000 ordinary shares at a price of $4.00 per share. Ohmyhome is offering 2,800,000 ordinary shares and the selling stockholder named in the prospectus is offering 975,000 ordinary shares. Ohmyhome will not receive any proceeds from the sale of shares by the selling stockholder.
The shares have been approved for listing on the Nasdaq Capital Market and are expected to begin trading under the ticker symbol "OMH" on March 21, 2023, and the offering is expected to close on or about March 23, 2023, subject to the satisfaction of customary closing conditions. The Offering is being conducted on a firm commitment basis. Prime Number Capital LLC is acting as the sole book runner for the offering. SBI China Capital Financial Services Limited will be acting as the co-manager. Ortoli Rosenstadt LLP is acting as U.S. counsel to Ohmyhome, and Sichenzia Ross Ference LLP is acting as U.S. counsel to Prime Number Capital LLC in connection with this offering. The offering is being made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained, when available, from Prime Number Capital LLC by email at [email protected]. A registration statement relating to the sale of these securities has been filed with, and declared effective by, the Securities and Exchange Commission (File Number: 333- 268691). This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Ohmyhome Ohmyhome is a one-stop-shop property technology platform based in Singapore, which provides end-to-end property solutions and services to end customers directly to help them buy, sell, rent, renovate their homes and more with a single application. Ohmyhome is dedicated to bringing speed, ease, and reliability to property-related services industry, and to become the most trusted and comprehensive property solution for everyone. Media Inquiries: [email protected] Investor Relations: [email protected] SOURCE: Ohmyhome http://mrem.bernama.com/viewsm.php?idm=45717 |
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