THE SALVATION ARMY TO RAISE RM500,000 VIA CHARITY

 

KUALA LUMPUR, Aug 6 (Bernama) – The public is invited to contribute towards the Salvation Army, which aims to raise RM 500,000 to fund its social service programmes throughout Malaysia.

Contributions can be done by purchasing a table or seats for the ‘Amazing Grace’ charity dinner at Le Quadri Hotel here on Aug 18, or by donating online.

In a statement today, it said the funding will benefit 3,000 people from diverse backgrounds across Malaysia at six residential homes for children, a home for the elderly, a special needs centre, and nine community service centres.

The Salvation Army Singapore, Malaysia and Myanmar Territory territorial commander, Colonel Rodney Walters, said the number of underprivileged Malaysians have increased due to the rising cost of living.

“Many have lost their jobs while others simply do not have enough to put food on the table. I am thankful that The Salvation Army has been meeting needs in Malaysia for 80 years and we will continue to improve our social service programmes to bridge the gaps in our community,” he said.

The event line-up will include performances by the children under the care of The Salvation Army, testimonies by past beneficiaries, and a performance by Talam Transform Bhd.

For more information, visit www.salvationarmy.org/malaysia/events or get in touch with The Salvation Army at 03 8061 4929. Financial contributions are eligible for tax-exempt receipts.

Founded in Malaysia in 1938, The Salvation Army in Malaysia is a non-profit organisation that provides care for the vulnerable and needy, providing residential care for children and the elderly, educational programmes through kindergartens and day care centres, special programmes for young people with special needs, and various social programmes through community service centres.

--BERNAMA

Limited-edition lipstick case & refill from House of Sillage

KUALA LUMPUR, Aug 2 (Bernama) --House of Sillage, a leader in luxury haute parfumerie, has expanded into cosmetics with its limited-edition lipstick case and refill.

Each lipstick, from a choice of 14 shades, comes in a bow-shaped protective carrying case finished in black or white enamel, encrusted with over 300 brilliant diamond-cut Swarovski crystals, and includes a mirror for easy application.


The ultra-creamy with satin texture lipstick is infused with the highest quality and genuine diamond powder, creating a luminous aura of regal beauty.


House of Sillage founder and chief executive officer, Nicole Mather designed the new line in wanting to celebrate the essence and power behind the iconic symbol of the bow.


"We wanted to pay homage to the bow´s timeless inspiration towards femininity. We´ve seen a bow´s beauty and glory across decades of popular culture and we believe we´ve translated the beauty of our fragrance packaging into cosmetics, " she said in a statement.


The lipstick has already won its first award for Product Innovation, Luxury Item at the ICMAD (Independent Cosmetic Manufacturers and Distributors) City Awards held in Las Vegas on July 30. 


The limited-edition lipstick is available at selected Neiman Marcus stores and online from Aug 1, as well as in-store at Bergdorf Goodman from Sept 1.


House of Sillage is based in Newport Beach, California and the products are produced in France and Italy. More details at https://houseofsillage.com/


-- BERNAMA

Michael Conn is AXEL's new chief strategy officer

 

KUALA LUMPUR, July 31 (Bernama) -- AXEL -- a technology company providing protection for users´ digital data and content -- appointed Michael Conn as the chief strategy officer (CSO) to lead its upcoming launch of AXEL Token and development of its blockchain platform.


President and CTO of AXEL, Ben Ow said Conn´s experience and knowledge in the financial industry as well as his expertise in blockchain and cryptocurrency will be valuable for the company´s blockchain venture.


As CSO of AXEL, Conn will be responsible for advancing interest in the institutional blockchain and crypto community and overseeing the upcoming Token Generation Event (TGE), as well as the future growth of the AXEL Token, a statement said.


Previously, Conn served as the co-founder and chief executive officer of Ether Capital -- the first Ethereum-focused publicly traded company which raised US$45 million or RM 182.7 million through a private placement. (1US$ = RM 4.06)


AXEL provide users with true ownership over their data with dynamic, easy-to-use, patented technology solutions for file sharing, access, security and privacy, transfer, streaming and integration from one secure platform.


More information at www.axel.org or https://www.axeltoken.com.


-- BERNAMA

CUSHMAN & WAKEFIELD ANNOUNCES CLOSING OF ITS INITIAL PUBLIC OFFERING OF ORDINARY SHARES

CHICAGO, Aug 7 (Bernama-BUSINESS WIRE) -- Cushman & Wakefield plc (“Cushman & Wakefield”) today announced the closing of its initial public offering of 45,000,000 of its ordinary shares, at a price to the public of $17.00 per share. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 6,750,000 ordinary shares from Cushman & Wakefield. As a result, the total initial public offering size was 51,750,000 shares. The shares are listed on the New York Stock Exchange and trade under the symbol “CWK.”
 
Cushman & Wakefield also announced the initial closing of a primary private placement investment by Vanke Service (HongKong) Co., Limited in an aggregate number of ordinary shares that will represent ownership of 4.9% of outstanding ordinary shares after giving effect to the initial public offering and the full exercise of the underwriters’ option to purchase additional ordinary shares.
 
Cushman & Wakefield expects to use the net proceeds from the ordinary shares offered by it to reduce outstanding indebtedness, in particular to repay its second lien loan, to pay the outstanding amount of the deferred payment obligation related to its acquisition of Cassidy Turley and any remaining net proceeds for general corporate purposes.
 
Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC and UBS Investment Bank served as joint book-running managers and representatives of the underwriters for the offering. Barclays Capital Inc., BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and William Blair & Company, L.L.C. also served as joint book-running managers for the offering. TPG Capital BD, LLC, HSBC Securities (USA) Inc., Credit Agricole Securities (USA) Inc., JMP Securities LLC, China Renaissance Securities (US) Inc., Fifth Third Securities, Inc., Academy Securities, Inc., Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc., Siebert Cisneros Shank & Co., L.L.C. and The Williams Capital Group, L.P. served as co-managers for the offering.
 
The offering was made only by means of the written prospectus forming part of the effective registration statement. Copies of the final prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email: prospectus-eq_fi@jpmchase.com, Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: (866) 471-2526 or email: prospectus-ny@ny.email.gs.com and UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, telephone: 888-827-7275 or email: olprospectusrequest@ubs.com.
 
A registration statement relating to these securities was declared effective as of August 1, 2018 by the Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities law in any such state or jurisdiction.
 
About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.
 
Cautionary Note Regarding Forward-Looking Statements

Any statements in this release that are not historical or current facts are forward-looking statements. Forward-looking statements convey Cushman & Wakefield’s current expectations or forecasts of future events. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Cushman & Wakefield’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” section of the Registration Statement on Form S-1. Unless required by law, Cushman & Wakefield undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date of this press release.
 
View source version on businesswire.com: https://www.businesswire.com/news/home/20180806005543/en/
 
Contact
Cushman & Wakefield
Brad Kreiger
+1 312 424 8010
Brad.Kreiger@cushwake.com
 
Source : Cushman & Wakefield
 
--BERNAMA

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Credit rating of Blue Cross (Asia Pacific) Insurance is stable

KUALA LUMPUR, Aug 6 (Bernama) -- A.M. Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of ‘a’ of Blue Cross (Asia-Pacific) Insurance Ltd (Blue Cross) Hong Kong and the outlook of these ratings is stable.

The ratings reflect Blue Cross’ balance sheet strength which A.M. Best categorised as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management, a statement said.

Blue Cross’ risk-adjusted capitalisation remains solid, partially attributed to its diversified investment portfolio with strong liquidity and the gradual release of risk capital in tandem with the runoff of the life business.

It continues to focus on underwriting risk selection to strengthen its non-life portfolio, which has demonstrated a consistently profitable and improving trend in underwriting results, partially attributed to the stable and lower-than-peers expense ratio.

Blue Cross remains as a mid-sized insurer in Hong Kong’s highly competitive non-life market. Approximately 90 per cent of its gross premiums written was sourced from the accident and health line through a diversified distribution network.

The positive rating actions for Blue Cross are unlikely in the near term as negative rating actions could occur if there is a deteriorating trend in the company’s operating profitability or a significant decline in the company’s risk-adjusted capitalisation.

A.M. Best is a global rating agency and information provider with a unique focus on the insurance industry. More information at www.ambest.com.

-- BERNAMA

Toshiba releases new series of hard disk drives for NAS platform

 

KUALA LUMPUR, July 31 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) released the MN07 series 12TB and 14TB 3.5-inch hard disk drives for use in NAS platforms. Sample shipment starts today.

The hard disk drives is designed for use in NAS appliances with eight or more drive bays and is suitable for NAS file and object storage applications that require disk drives with workload ratings of up to 180TB per year, a statement said.

"Toshiba´s new MN07 Series provides proven NAS-class performance and durability, " said general manager of Storage Products Sales & Marketing Division of Toshiba, Shuji Takaoka.

Toshiba´s exclusive 9-disk, helium-sealed mechanics deliver real value to OEMs and integrators of file and object storage solutions who utilise proven network-attached storage technologies.

The MN07 series utilises a helium-sealed mechanical design to achieve the massive 14TB and 12TB capacity whereby the 14TB model improves power efficiency by approximately 55 per cent over the previous 10TB 'air' 7,200rpm mechanical designs.

Toshiba is among the leading general devices companies offering customers and business partners outstanding solutions in discrete semiconductors, system LSIs and HDD. More information at https://toshiba.semicon-storage.com/ap-en/company.html.

-- BERNAMA

MFPC, QUIP ink MoA to produce industry-ready graduates

KUALA LUMPUR, Aug 2 (Bernama) -- Malaysian Financial Planning Council (MFPC) and Quest International University Perak (QUIP) signed a memorandum of agreement (MoA) to provide a framework for cooperation related to wealth management, banking, and financial planning.

MFPC attaches great importance to collaborating with QUIP in the development of human capital for the financial industry as well as to provide a talent pool for the northern region. 

Both organisations intend to cooperate in developing students who are industry-ready by embarking on MFPC's professional designations, the Registered Financial Planner and Shariah Registered Financial Planner programmes.


Through this MoA, MFPC will recognise QUIP's programme pertaining to the exemptions of Module 1-6 of the professional designations.

Prospective graduates of QUIP should complete one final module with MFPC to earn their professional qualification. In addition, QUIP is to be recognised as the education provider of MFPC to conduct the professional programmes for the local community and public at large in the northern region.

MFPC president, Michael Kok said: "In consideration of the good reputation and quality of education offered at Quest International University Perak, MFPC is optimistic that this initiative will produce significant results and achieve success."

The MoA was signed by Kok and QUIP vice-chancellor, Prof Datuk Dr Raman Narayanasamy.

-- BERNAMA