KUALA LUMPUR, May 14 (Bernama) -- Huayan Robotics, an intelligent collaborative robotics specialist, will showcase its latest automation solutions at METALTECH & AUTOMEX 2026 from May 20 to 23 at the Malaysia International Trade and Exhibition Centre (MITEC).
The company in a statement said it will present a portfolio of flexible, efficient, and intelligent robotic systems, reflecting its commitment to the Malaysian and broader Southeast Asian market.
Huayan Robotics will highlight solutions for welding applications and high-frequency industrial scenarios, including collaborative welding robot models designed for large and complex workpieces, alongside a lightweight model equipped with a magnetic base for flexible deployment across multiple stations.
Tailored for industries such as shipbuilding, structural steel fabrication and metal fabrication, the systems feature force-controlled drag-to-teach, automatic seam tracking and adaptive path correction, helping reduce programming effort while improving welding precision and consistency.
In addition, Huayan Robotics will also showcase its integrated automation solutions, including CNC loading and unloading robots which deliver high speed, precision, and stable operation, supported by long-term partnerships with leading global machine tool manufacturers.
Its heavy-payload palletising robot solution offers up to 60-kilogramme payload, 2.2-metre reach and eight to 13 cycles per minute, targeting high-throughput industries such as food and beverage, daily chemicals and logistics.
Meanwhile, inspection robots equipped with artificial intelligence-enhanced 2.5D vision systems are designed to provide smarter and more cost-effective quality control by improving inspection accuracy and efficiency.
Backed by over 20 years of expertise and following its listing on the Hong Kong Stock Exchange (HKEX), Huayan Robotics is accelerating its global expansion, with Southeast Asia identified as a key strategic growth market.
-- BERNAMA
Thursday, May 14, 2026
SKHTU Launches Academy System: Making Education the Starting Point of Inclusive Finance
DENVER, May 14 (Bernama-GLOBE NEWSWIRE) -- As the crypto market enters a mature phase, user education has become the new engine driving industry growth. Recently, SKHTU Exchange announced the launch of SKHTU Academy, featuring systematic courses, data-driven learning models, and practical training paths. The goal is to help global users grow into professional investors with financial logic and risk awareness. Industry experts believe this systematic education strategy achieves the true meaning of “financial inclusion.”
The SKHTU Academy curriculum is divided into three main stages: foundational knowledge, strategic advancement, and asset management. In the introductory stage, courses use visual and case-based teaching to explain blockchain basics, trading logic, and asset security. The advanced stage focuses on derivatives operations, RWA investment, and risk diversification strategies. The senior stage simulates institutional asset management environments, teaching how to balance returns and risks.
The platform also features a “real-time market classroom,” integrating market hotspots and data updates to provide users with instant strategy analysis. SKHTU incorporates AI technology into its education system, generating personalized growth models for users based on learning data and trading behavior analysis. The system dynamically adjusts course recommendations and practical tasks according to user learning records, operational habits, and risk preferences.
Upon course completion, the system generates an “Investment Capability Index” to showcase user growth trajectory. SKHTU states that this data-driven learning model not only improves educational efficiency but also enables users to quantify their risk awareness and strategy level, turning educational outcomes into tangible investment capabilities.
SKHTU Academy is not just a learning platform, but also part of the community ecosystem. The platform regularly holds online seminars and regional offline events, inviting analysts and scholars to interpret market trends together. Data shows that users participating in SKHTU Academy courses have a retention rate 42% higher than ordinary users and a longer active cycle. This demonstrates that education is not merely an additional service, but a core pillar for the sustainable development of the platform.
Brand spokesperson Anna Kowalski said: “Financial education should not remain theoretical, but help users develop independent investment judgment, building long-term trust through understanding risk. This is not only the goal of our education program, but also a reflection of our platform values.”
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0e8213c3-4de3-421f-939d-74ad6889ebf9
Media Contact:
Anna Kowalski
minhquankg48@gmail.com
SOURCE: Skhtu Exchange Services Ltd
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
The SKHTU Academy curriculum is divided into three main stages: foundational knowledge, strategic advancement, and asset management. In the introductory stage, courses use visual and case-based teaching to explain blockchain basics, trading logic, and asset security. The advanced stage focuses on derivatives operations, RWA investment, and risk diversification strategies. The senior stage simulates institutional asset management environments, teaching how to balance returns and risks.
The platform also features a “real-time market classroom,” integrating market hotspots and data updates to provide users with instant strategy analysis. SKHTU incorporates AI technology into its education system, generating personalized growth models for users based on learning data and trading behavior analysis. The system dynamically adjusts course recommendations and practical tasks according to user learning records, operational habits, and risk preferences.
Upon course completion, the system generates an “Investment Capability Index” to showcase user growth trajectory. SKHTU states that this data-driven learning model not only improves educational efficiency but also enables users to quantify their risk awareness and strategy level, turning educational outcomes into tangible investment capabilities.
SKHTU Academy is not just a learning platform, but also part of the community ecosystem. The platform regularly holds online seminars and regional offline events, inviting analysts and scholars to interpret market trends together. Data shows that users participating in SKHTU Academy courses have a retention rate 42% higher than ordinary users and a longer active cycle. This demonstrates that education is not merely an additional service, but a core pillar for the sustainable development of the platform.
Brand spokesperson Anna Kowalski said: “Financial education should not remain theoretical, but help users develop independent investment judgment, building long-term trust through understanding risk. This is not only the goal of our education program, but also a reflection of our platform values.”
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0e8213c3-4de3-421f-939d-74ad6889ebf9
Media Contact:
Anna Kowalski
minhquankg48@gmail.com
SOURCE: Skhtu Exchange Services Ltd
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
MBSB BANK LAUNCHES SME STABILISATION RELIEF FACILITY (SME SRF) TO SUPPORT BUSINESSES NAVIGATING GEOPOLITICAL UNCERTAINTY
 |
| MBSB Bank |
PETALING JAYA, May 14 (Bernama) -- MBSB Bank Berhad (MBSB Bank) yesterday announced the launch of the SME Stabilisation Relief Facility (SME SRF), a strategic financing initiative designed to provide timely working capital support to viable Malaysian small and medium enterprises (SMEs). This facility aligns with Bank Negara Malaysia’s (BNM) RM5 billion fund established to help businesses manage operational disruptions and cash flow constraints arising from the ongoing geopolitical conflict in West Asia.
The SME SRF is specifically tailored for Malaysian SMEs that have experienced financial stress due to trade and supply chain disruptions since March 2026. By providing essential liquidity, MBSB Bank aims to support businesses in sustaining their operations and navigating this period of global economic uncertainty. In line with industry efforts to enhance access to financing, MBSB Bank is also streamlining its credit assessment processes to ensure affected businesses receive timely assistance.
Noor Mohamed Amin Bin Mohamed, Group Chief Commercial Banking Officer of MBSB Berhad, said “At MBSB Bank, we recognize that SMEs are the backbone of Malaysia’s economy, yet they are often the most vulnerable to global geopolitical shifts. The SME SRF is a proactive intervention designed to provide a vital liquidity buffer for businesses facing with supply chain disruptions and rising operational costs. By streamlining our credit assessment processes, we are ensuring that eligible SMEs receive the urgent financial support they need to maintain business continuity and emerge more resilient despite the current market volatility.”
MBSB Bank offers financing of up to RM750,000 per SME to help alleviate cash flow constraints. Eligible SMEs may obtain financing for a tenure of up to five years, at a maximum financing rate of 3.75% per annum (inclusive of the guarantee fee). The financing is supported by guarantees of up to 80% from Credit Guarantee Corporation Malaysia (CGC) or Syarikat Jaminan Pembiayaan Perniagaan (SJPP), particularly for SMEs without sufficient collateral. The facility is specifically designated for working capital purposes and strictly excludes the refinancing of any existing facilities.
To qualify for the facility, businesses must be viable Malaysian SMEs as defined by SME Corporation Malaysia with at least 51% share of ownership held by Malaysians.
Applicants must demonstrate that they have been materially affected by trade and supply chain disruptions resulting from the West Asia conflict.
SMEs interested in the SME Stabilisation Relief Facility can begin submitting their applications starting 15 May 2026 until 31 December 2026, or until the fund is fully utilised. For further information or to check eligibility, business owners are encouraged to:
· Contact their dedicated Relationship Manager.
· Visit the nearest MBSB Bank branch nationwide.
· Browse the official website at www.mbsbbank.com.
· Submit enquiries via email at commercialbanking@mbsbbank.com.
About MBSB Berhad
MBSB Berhad (MBSB) is a dynamic financial services group with a longstanding role in supporting the nation’s financial system and economic development. MBSB is the holding company of MBSB Bank Berhad, MBSB Investment Bank Berhad (formerly MIDF Amanah Investment Bank), and Malaysian Industrial Development Finance Berhad (MIDF). MBSB Bank Berhad is a progressive Islamic bank offering comprehensive Shariah-compliant banking solutions to retail, SME, and corporate customers, with a strong emphasis on innovation and sustainable financing. MBSB Investment Bank Berhad serves as the Group’s investment banking and capital markets arm, providing advisory, research, equity brokerage, and capital markets services. MIDF plays a pivotal role in supporting business and industrial development through development finance, nurturing a resilient and thriving SME ecosystem, complemented by its asset management capabilities.
SOURCE: MBSB Berhad (MBSB)
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Norsiah Juriani Johari
Group Head Group Communications & Marketing Department
Group Corporate Strategy
Tel: +6012 900 1907
Email: norsiah.johari@mbsb.com
Name: Arna Farisa Binti Mohamad Isa
Senior Manager
Group Communications & Marketing Department
Group Corporate Strategy
Tel: +6013 394 2590
Email: arna.farisa@mbsb.com
--BERNAMA
Wednesday, May 13, 2026
Green Building Initiative Announces Departure of CEO Vicki Worden
Vicki Worden, CAE, led GBI to achieve tremendous growth during her 11-year tenure; The Honorable Stephen T. Ayers, FAIA, appointed as GBI Interim CEO
PORTLAND, Ore., May 13 (Bernama-GLOBE NEWSWIRE) -- Green Building Initiative (GBI) is announcing the planned departure of its CEO, Vicki Worden. Worden is leaving to take a new CEO role after serving as GBI’s chief executive since 2015. GBI is an international nonprofit organization and ANSI accredited standards developer that operates virtually with a 30-member staff.
“Vicki Worden’s tenure has been defined by an unwavering commitment to expanding GBI’s mission impact,” stated Sumayyah Theron, Chair of GBI’s Board of Directors and CEO and Founder of Avant-garde Sustainable Solutions. “Under Vicki’s leadership, GBI evolved from a U.S.-focused organization into a truly global presence, now serving members in more than 20 countries. Her vision and dedication helped GBI’s green building standards reach more than one billion square feet of certified commercial and multifamily space worldwide and positioned GBI as a leading certifier across multifamily housing, health care facilities, data centers, and beyond. We are deeply grateful for everything Vicki has brought to this organization and wish her great success as she continues to advance mission-driven leadership.”
GBI’s mission is to improve the built environment’s impact on climate and society. Its community of 15,000 is united by a vision of sustainable, healthy, and resilient buildings for all.
Prior to her leadership at GBI, Worden’s experience included interim CEO roles and senior executive roles in the Washington, D.C., association community as well as more than ten years running her own strategic management consulting firm based in Maryland and Maine. She has been a significant force in sustainability and built environment spaces for more than 30 years.
“I am deeply grateful for the partnership of GBI’s Board members over my eleven years and for our joint commitment to meaningful growth,” stated Worden. “GBI is known for its culture of service, collaboration, transparency, and teamwork, and it is a culture we built intentionally to support our vision and mission. It has been an honor to serve alongside GBI’s highly passionate members, assessors, clients, and staff. I know I’m leaving GBI in great hands as it continues to advance and increase its positive impact in its next evolution.”
Worden’s departure is slated for late June 2026, and a consulting firm will be engaged to manage the search for Worden’s permanent replacement.
For the transition period, GBI’s Board has appointed The Honorable Stephen T. Ayers, FAIA, as GBI’s Interim CEO. Ayers is a nationally recognized leader in architecture, public service, and organizational transformation, with a distinguished career spanning government, nonprofit, and private sector roles. He most recently has served in multiple interim chief executive roles, including Interim CEO of the National Institute of Building Sciences (twice, in 2022 and 2024) and Interim CEO of the American Institute of Architects in 2025, where he provided steady leadership during pivotal transition periods and helped position each organization for long-term success. Mr. Ayers previously served as the 11th Architect of the Capitol, appointed by Barack Obama and unanimously confirmed by the United States Senate.
About GBI
GBI, Inc. is an international nonprofit organization and American National Standards Institute (ANSI) Accredited Standards Developer whose mission is to improve the built environment’s impact on climate and society. Founded in 2004, the organization is the global provider of the Green Globes®, Journey to Net Zero™, Guiding Principles Compliance™, and Ascent Building Certification™ programs, and it is the parent company of GB Initiative Canada. GBI also issues professional credentials, including the Green Globes Professional (GGP) and Guiding Principles Compliance Professional (GPCP). To learn more about opportunities to become involved with GBI, contact info@thegbi.org or visit the GBI website at www.thegbi.org.
MEDIA CONTACT
Joe Kurle, Director of Marketing & Communications, GBI jkurle@thegbi.org
SOURCE: Green Building Initiative
PORTLAND, Ore., May 13 (Bernama-GLOBE NEWSWIRE) -- Green Building Initiative (GBI) is announcing the planned departure of its CEO, Vicki Worden. Worden is leaving to take a new CEO role after serving as GBI’s chief executive since 2015. GBI is an international nonprofit organization and ANSI accredited standards developer that operates virtually with a 30-member staff.
“Vicki Worden’s tenure has been defined by an unwavering commitment to expanding GBI’s mission impact,” stated Sumayyah Theron, Chair of GBI’s Board of Directors and CEO and Founder of Avant-garde Sustainable Solutions. “Under Vicki’s leadership, GBI evolved from a U.S.-focused organization into a truly global presence, now serving members in more than 20 countries. Her vision and dedication helped GBI’s green building standards reach more than one billion square feet of certified commercial and multifamily space worldwide and positioned GBI as a leading certifier across multifamily housing, health care facilities, data centers, and beyond. We are deeply grateful for everything Vicki has brought to this organization and wish her great success as she continues to advance mission-driven leadership.”
GBI’s mission is to improve the built environment’s impact on climate and society. Its community of 15,000 is united by a vision of sustainable, healthy, and resilient buildings for all.
Prior to her leadership at GBI, Worden’s experience included interim CEO roles and senior executive roles in the Washington, D.C., association community as well as more than ten years running her own strategic management consulting firm based in Maryland and Maine. She has been a significant force in sustainability and built environment spaces for more than 30 years.
“I am deeply grateful for the partnership of GBI’s Board members over my eleven years and for our joint commitment to meaningful growth,” stated Worden. “GBI is known for its culture of service, collaboration, transparency, and teamwork, and it is a culture we built intentionally to support our vision and mission. It has been an honor to serve alongside GBI’s highly passionate members, assessors, clients, and staff. I know I’m leaving GBI in great hands as it continues to advance and increase its positive impact in its next evolution.”
Worden’s departure is slated for late June 2026, and a consulting firm will be engaged to manage the search for Worden’s permanent replacement.
For the transition period, GBI’s Board has appointed The Honorable Stephen T. Ayers, FAIA, as GBI’s Interim CEO. Ayers is a nationally recognized leader in architecture, public service, and organizational transformation, with a distinguished career spanning government, nonprofit, and private sector roles. He most recently has served in multiple interim chief executive roles, including Interim CEO of the National Institute of Building Sciences (twice, in 2022 and 2024) and Interim CEO of the American Institute of Architects in 2025, where he provided steady leadership during pivotal transition periods and helped position each organization for long-term success. Mr. Ayers previously served as the 11th Architect of the Capitol, appointed by Barack Obama and unanimously confirmed by the United States Senate.
About GBI
GBI, Inc. is an international nonprofit organization and American National Standards Institute (ANSI) Accredited Standards Developer whose mission is to improve the built environment’s impact on climate and society. Founded in 2004, the organization is the global provider of the Green Globes®, Journey to Net Zero™, Guiding Principles Compliance™, and Ascent Building Certification™ programs, and it is the parent company of GB Initiative Canada. GBI also issues professional credentials, including the Green Globes Professional (GGP) and Guiding Principles Compliance Professional (GPCP). To learn more about opportunities to become involved with GBI, contact info@thegbi.org or visit the GBI website at www.thegbi.org.
MEDIA CONTACT
Joe Kurle, Director of Marketing & Communications, GBI jkurle@thegbi.org
SOURCE: Green Building Initiative
SKHTU Exchange Optimizes Compliance System In Preparation For Singapore MAS License Application
DENVER, May 13 (Bernama-GLOBE NEWSWIRE) -- Recently, SKHTU Exchange has accelerated adjustments to its internal compliance architecture to ensure that the platform meets all review standards before formally submitting its application for a Singapore MAS license. The platform disclosed that its preparations have covered key areas including KYC/AML processes, fund custody mechanisms, risk control systems, and internal governance structures.
Currently, SKHTU Exchange has connected with the identity verification system of Singapore and introduced a multi-level review mechanism to conduct full-process verification of user identities and sources of funds, ensuring that all operations comply with the regulatory requirements of the Monetary Authority of Singapore. Through these specific measures, the platform will complete full-process compliance preparations before formally submitting its MAS license application.
As one of the Asian financial centers, Singapore has established a relatively clear regulatory framework for digital assets. The stability of its regulatory environment has made it an important hub connecting traditional finance with the digital asset market.
SKHTU Exchange has disclosed that it plans to submit its Singapore MAS license application in May 2026. By aligning with the regulatory system and obtaining the license, the platform is expected to strengthen its trust foundation among institutional investors.
Singapore has established a clear review path for digital asset platforms, including key areas such as customer risk rating and identity verification, source-of-funds tracing, transaction behavior monitoring, and system security protection. This means that platforms need to complete comprehensive preparations from institutional design to system implementation.
From a regional development perspective, Singapore is a key node connecting Asia with global markets. By establishing a compliance foundation in the region, the platform can expand into surrounding markets more efficiently and occupy a more favorable position in cross-border capital flows.
As preparations are completed, SKHTU Exchange will enter the regulatory review stage after submitting its MAS license application in May 2026. The compliance processes, risk control system, and internal governance of the platform will undergo comprehensive assessment, providing institutional safeguards for its business development in Singapore and across the broader Asian market.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/822ac630-37e5-4a4f-a880-4eee9110fd18
Media Contact:
Anna Kowalski
minhquankg48@gmail.com
SOURCE: Skhtu Exchange Services Ltd
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
Currently, SKHTU Exchange has connected with the identity verification system of Singapore and introduced a multi-level review mechanism to conduct full-process verification of user identities and sources of funds, ensuring that all operations comply with the regulatory requirements of the Monetary Authority of Singapore. Through these specific measures, the platform will complete full-process compliance preparations before formally submitting its MAS license application.
As one of the Asian financial centers, Singapore has established a relatively clear regulatory framework for digital assets. The stability of its regulatory environment has made it an important hub connecting traditional finance with the digital asset market.
SKHTU Exchange has disclosed that it plans to submit its Singapore MAS license application in May 2026. By aligning with the regulatory system and obtaining the license, the platform is expected to strengthen its trust foundation among institutional investors.
Singapore has established a clear review path for digital asset platforms, including key areas such as customer risk rating and identity verification, source-of-funds tracing, transaction behavior monitoring, and system security protection. This means that platforms need to complete comprehensive preparations from institutional design to system implementation.
From a regional development perspective, Singapore is a key node connecting Asia with global markets. By establishing a compliance foundation in the region, the platform can expand into surrounding markets more efficiently and occupy a more favorable position in cross-border capital flows.
As preparations are completed, SKHTU Exchange will enter the regulatory review stage after submitting its MAS license application in May 2026. The compliance processes, risk control system, and internal governance of the platform will undergo comprehensive assessment, providing institutional safeguards for its business development in Singapore and across the broader Asian market.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/822ac630-37e5-4a4f-a880-4eee9110fd18
Media Contact:
Anna Kowalski
minhquankg48@gmail.com
SOURCE: Skhtu Exchange Services Ltd
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
Tuesday, May 12, 2026
TSplus Showcases Global Strategy At Annual International Meeting In Greece
KUALA LUMPUR, May 11 (Bernama) -- TSplus, a French software company, centred its annual International Meeting on collaboration and shared purpose during a six-day event held in Greece.
In a statement, TSplus said the week-long gathering featured presentations from TSplus executives outlining the company’s recent achievements and future roadmap, with chief executive officer Adrien Carbonne reaffirming the company’s long-term ambition and new brand strategy.
The company’s chief operating officer, Henri Merlin highlighted steady global growth and strong performance in North America in 2025, noting that enterprise resource planning (ERP) systems remain TSplus’ primary client segment and strategic focus. Expansion plans are also underway in China, South Korea, Japan, Africa and Australia.
Meanwhile, its chief technology officer, Thomas Montalcino presented new product developments aimed at simplifying information technology (IT) management, including a remote support mobile app for iOS and Android, a web-based administration platform, and enhanced ransomware protection within Advanced Security capable of defending against 21 known threats.
Beyond business sessions, participants engaged in cultural activities including a safari tour of the Cretan countryside, visits to the village of Krasi and a local monastery, as well as a traditional village celebration featuring an olive oil mill visit and Greek cultural performances.
The programme also included hands-on training sessions focused on marketing and sales, remote access, licensing portal, and remote support, designed to strengthen internal collaboration across teams.
The event concluded with a gala dinner where TSplus Awards were presented to recognise outstanding contributions. Founder Dominique Benoit was also honoured for his entrepreneurial vision and the company’s founding values.
In his closing remarks, Carbonne reiterated TSplus’ mission to deliver simple and accessible IT solutions, emphasising consistency, focus and fairness as the company continues to expand globally.
-- BERNAMA
Abaxx Teams Up With Alta On Collateral Initiative
KUALA LUMPUR, May 11 (Bernama) -- Abaxx Technologies Inc (Abaxx) has entered a commercial engagement with Alta Alternative Investments Pte Ltd (Alta) to advance the use of money market fund shares as T+0 collateral for margin at Abaxx Clearing, moving Digital Title toward its first commercial implementation.
According to a statement, Abaxx Digital Title pairs cryptographically secured evidence of ownership with verified identity to convert commodities and securities into high-velocity, yield-bearing T+0 instruments, enabling their use as collateral and supporting a more capital-efficient global trading system.
In December 2025, Abaxx demonstrated in a pilot that its Digital Title could provide a legally enforceable and operational mechanism to instantly mobilise money market fund shares as collateral for margin and financing while giving the receiving party direct ownership of the underlying assets.
Following the pilot, Abaxx expanded into commercial partnerships by engaging with Alta to further develop the use of money market fund shares as T+0 collateral for margin at Abaxx Clearing.
Both companies have signed a letter of engagement to establish a Singapore-based Variable Capital Company (VCC) umbrella structure, including a sub-fund investing in United States dollar-denominated money market instruments and short-term fixed income securities.
Subject to regulatory approval, the VCC will function as a Singapore-regulated open-ended fund vehicle designed for institutional use, providing the legal framework for fund shares to be recognised as collateral within Abaxx Clearing.
Abaxx is a financial software and market infrastructure company as well as the indirect majority shareholder of Abaxx Singapore, owner of Abaxx Clearing, while Alta is a Singapore-based regulated brokerage, securities exchange and fund management platform.
-- BERNAMA
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