KUALA LUMPUR, Aug 3 (Bernama) -- Tricor Group (Tricor), Asia's leading business expansion specialist has released its inaugural 2020/2021 Environmental, Social and Governance (ESG) ‘Pathway To Tomorrow’ Report.
It outlines the firm’s commitment to a framework guided by responsible practices in environmental protection, corporate social responsibility (CSR) and corporate governance, according to a statement.
“At Tricor, we are continuously adapting our ESG strategy to accommodate the widening scope of ESG issues and better respond to the continuously shifting business landscape,” said Tricor Group Chief Executive Officer, Lennard Yong.
Built on Tricor’s core values of collaboration, care, agility, integrity and passion, the newly formalised ESG framework outlines goals, reports on the firm’s current progress in ESG and embraces the long-term principles of Tricor’s vision.
This includes maintaining a holistic and strategic – not just financial – approach to resource allocation; integrating ESG principles into decision-making processes, investment analysis and solution offerings; and, upholding ESG issues as a priority in enhancing relationships with employees, clients, partners and investors.
Tricor recently earned accolades from Hong Kong Business Awards 2020 (Made in Hong Kong Award), Asia Pacific Enterprise Awards 2020 (Corporate Excellence Award) and Greater Bay Area Corporate Sustainability Awards 2020 (Social Sustainability Award – Decent Work & Economic Growth).
In April 2020, Tricor also became the first in Hong Kong to announce a paper repurposing initiative in partnership with Mil Mill, wholly-owned by Secure Information Disposal Services Limited (SSID), repurposing its headquarters’ wastepaper into napkins and toilet rolls that Tricor later purchases.
Forming an ESG work group to provide oversight across the 21 markets the firm operates in, Tricor will be constantly reviewing and improving how it prioritises ESG issues.
With accountability being key to Tricor’s ESG framework, the firm will release an updated ESG report annually to track progress and outline new goals.
More details at www.tricorglobal.com.
-- BERNAMA
Tuesday, August 3, 2021
ABRA-LEONIE HILL CAPITAL PARTNERSHIP TO INCREASE CRYPTO LENDING, HIGH YIELD MARKETS ACCESS
KUALA LUMPUR, Aug 3 (Bernama) -- Abra, a leading wealth management platform with functionality for buying, selling, trading and earning interest on cryptocurrencies, has announced a new partnership with Leonie Hill Capital, an independently-run investment firm.
“Leonie Hill Capital (LHC) holds a strong track record in fund management and specialises in disruptive business investments, especially in regulated environments,” said Founder and Chief Executive Officer of Abra, Bill Barhydt in a statement.
“We believe their expertise and network in Asia make them a key strategic partner for Abra to reach this market with our services.”
The partnership will expand the presence of Abra’s fast-growing wealth management app to users in the Asian crypto market – particularly institutional investors, high-net-worth investors, and family offices – who will receive secure custody, crypto lending, buying, trading, borrowing and the ability to earn up to eight per cent interest on fiat deposits.
LHC’s access to the Asian market as well as its regulatory expertise will help expose Abra to Asia-based institutions and family offices, enabling them to leverage crypto as a mainstream asset class through Abra’s wealth management technology.
“Abra’s wealth management tools make it extremely easy to manage and quickly access crypto and fiat assets without friction or hidden fees,” said Head of Investments at Leonie Hill Capital, Wee-Meng Thoo.
“These benefits are particularly valuable to the Asian crypto market, which has struggled with services that allow for cash liquidity. We’re hopeful that our collaboration with Abra will help solve these issues for Asian investors.”
LHC and Abra will also work together to build institutional-grade financial and technology products for Asian corporations looking to gain exposure to cryptocurrency through treasury reserves.
Founded in 2014 with global headquarters in the San Francisco Bay area, Abra is available in more than 150 countries.
More details at https://www.abra.com/.
-- BERNAMA
“Leonie Hill Capital (LHC) holds a strong track record in fund management and specialises in disruptive business investments, especially in regulated environments,” said Founder and Chief Executive Officer of Abra, Bill Barhydt in a statement.
“We believe their expertise and network in Asia make them a key strategic partner for Abra to reach this market with our services.”
The partnership will expand the presence of Abra’s fast-growing wealth management app to users in the Asian crypto market – particularly institutional investors, high-net-worth investors, and family offices – who will receive secure custody, crypto lending, buying, trading, borrowing and the ability to earn up to eight per cent interest on fiat deposits.
LHC’s access to the Asian market as well as its regulatory expertise will help expose Abra to Asia-based institutions and family offices, enabling them to leverage crypto as a mainstream asset class through Abra’s wealth management technology.
“Abra’s wealth management tools make it extremely easy to manage and quickly access crypto and fiat assets without friction or hidden fees,” said Head of Investments at Leonie Hill Capital, Wee-Meng Thoo.
“These benefits are particularly valuable to the Asian crypto market, which has struggled with services that allow for cash liquidity. We’re hopeful that our collaboration with Abra will help solve these issues for Asian investors.”
LHC and Abra will also work together to build institutional-grade financial and technology products for Asian corporations looking to gain exposure to cryptocurrency through treasury reserves.
Founded in 2014 with global headquarters in the San Francisco Bay area, Abra is available in more than 150 countries.
More details at https://www.abra.com/.
-- BERNAMA
Lantronix completes Communications Systems Inc Electronics and Software reportable business segment purchase
KUALA LUMPUR, Aug 3 -- Lantronix Inc (Lantronix) has announced the completion of its previous acquisition of Transition Networks and Net2Edge, whichcomprises the majority of the Electronics and Software reportable business segment of Communications Systems Inc.
The transaction brings immediate scale to Lantronix, with revenues from the combined company expected to total more than US$100 million on an annual basis.(US$1 = RM4.222)
According to a statement, the acquisition will bring complementary IoT connectivity products and capabilities, including switching, Power over Ethernet (PoE) andmedia conversion and adapter products.
Lantronix sees significant operating and product development synergies in the combined company and expects significant day one synergies will drive immediate non-GAAP earnings accretion upon closing, and the company further expects to realise US$7 million in annual run rate synergies over the course of the first 24 months.
Lantronix, headquartered in Irvine, California, will release guidance for its fiscal year 2022 on its fourth quarter fiscal year 2021 earnings conference call, with that date to be named shortly.
Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, along with SVB Capital, provided acquisition financing. O’Melveny & Myers LLP served as legal adviser to Lantronix.
Lantronix Inc is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware.
For more information, visit www.lantronix.com.
-- BERNAMA
Monday, August 2, 2021
CIRCUS SOCIAL REBRANDS AS RADARR, ASSISTING BUSINESSES NAVIGATE ASIA DIGITAL LANDSCAPE
KUALA LUMPUR, Aug 2 (Bernama) -- Social media intelligence company, Circus Social has rebranded as Radarr to cater to an ever-increasing demand for predictive digital insights in Asia, rolling out its new name, visual identity, products, and website this month.
The rebrand reflects the company’s recent innovations and technological transformations using AI, predictive intelligence, and linguistic-based predictive algorithms that scan the digital universe of billions of conversations.
According to a statement, the new offer is designed to serve brands in an unprecedented era of content proliferation—especially as platforms in Asia continue to grow, and time spent on social media continues to increase.
As the region’s fragmented digital landscape evolves, companies are increasingly looking for better ways to analyse and utilise the wealth of data available online for strategy, business intelligence, and audience insights.
Radarr Co-Founder and CEO, Ram Bhamidi explained: “At the core of Radarr’s new offer is an intelligence platform that delves deep into the billions of conversations happening online to deliver digital monitoring and predictive analytics.
“Bespoke dashboards provide targeted intelligence on select areas such as crisis monitoring or influencer management, whilst industry-centric dashboards on topics like Crypto and Gaming provide a bird’s-eye view of trends emerging across specific sectors.
“This intelligence informs actionable, data-driven recommendations for brands, enabling them to anticipate the future effectively and act rapidly.”
Most recently, the Singapore and Bengaluru-based company had announced its Pre-Series A funding led by Inflection Point Ventures and several high-profile investors from the US, Singapore, and India.
For more information, visit www.radarr.com
-- BERNAMA
OMERS Infrastructure to purchase 19.4 per cent Azure Power stake
KUALA LUMPUR, Aug 2 -- OMERS Infrastructure announced it has signed a Stock Purchase Agreement to acquire from International Finance Corporation and IFCGIF Investment Company I an approximately 19.4 per cent stake in Azure Power Global Limited for total consideration of approximately US$219 million. (US$1 =RM4.223)
Founded in 2008, Azure Power is a leading independent renewable power producer located in India, according to a statement.
“This agreement to invest in Azure Power demonstrates OMERS strong global interest in high-quality renewable power and energy transition assets, as well as our interest in India as an investment destination and Asia-Pacific more broadly,” said Executive Vice President and Global Head of OMERS Infrastructure, Annesley Wallace.
“This transaction directly supports our mission of building a strong portfolio of well-run assets that will help pay pensions to our members over the long term.”
OMERS Infrastructure’s global renewable energy holdings include Leeward Renewable Energy, a growth-oriented renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine US states, totaling more than 2 GW of installed capacity.
The transaction is expected to close in early August with Ambit Private Limited acting as financial adviser to OMERS Infrastructure.
More details at www.omersinfrastructure.com.
-- BERNAMA
AMBANK 'AMAZING 30' CAMPAIGN INTRODUCES ALL NEW DAILY DEALS WITH PROMINENT RETAILERS
KUALA LUMPUR, Aug 2 (Bernama) -- AmBank credit and debit card customers are now able to enjoy savings for a variety of categories such as groceries, dining, online shopping and petrol via AmBank ‘Amazing 30’ promotional campaign with daily rewards including RM30 cashback or enjoy RM30 discount or 30% off.
Aaron Loo, Managing Director, Retail Banking, AmBank said, “The ‘Amazing 30’ campaign was a tremendous success last year and enabled us to sharply grow our debit and credit card usage. Clients found our campaigns relevant especially during the pandemic and I am confident that this year’s ‘Amazing 30’ will be as, if not more successful than the previous one. This campaign has not only benefited our card holders but our merchant partners as well with many seeing significant increase in sales to AmBank customers.”
Since its launch in September 2020, the campaign has over 30 participating merchant partners, including F&B outlets and online retailers. Customers can enjoy special deals from Mondays to Sundays from a variety of merchants such as Foodpanda, HappyFresh, CARiNG Pharmacy, Madam Kwan’s, Dunkin’ Donuts, Lazada and Shopee. During the promotion periods of each respective special deals, AmBank cardholders can either earn RM30 cashback, or enjoy RM30 discount or 30% off at the respective merchants. To find out more on the AmBank ‘Amazing 30’ Campaign and for other great deals, visit ambank.com.my/amazing30.
Along with this campaign, we are also offering new-to-bank cardholders a 30% cashback upon card approval, activation and achieving a minimum spend amount. To enjoy this perk, customers may apply for a credit card at ambank.com.my/AGR.
For more information, kindly visit ambank.com.my.
AMBANK 'AMAZING 30' CAMPAIGN INTRODUCES ALL NEW DAILY DEALS WITH PROMINENT RETAILERS
Aaron Loo, Managing Director, Retail Banking, AmBank said, “The ‘Amazing 30’ campaign was a tremendous success last year and enabled us to sharply grow our debit and credit card usage. Clients found our campaigns relevant especially during the pandemic and I am confident that this year’s ‘Amazing 30’ will be as, if not more successful than the previous one. This campaign has not only benefited our card holders but our merchant partners as well with many seeing significant increase in sales to AmBank customers.”
Since its launch in September 2020, the campaign has over 30 participating merchant partners, including F&B outlets and online retailers. Customers can enjoy special deals from Mondays to Sundays from a variety of merchants such as Foodpanda, HappyFresh, CARiNG Pharmacy, Madam Kwan’s, Dunkin’ Donuts, Lazada and Shopee. During the promotion periods of each respective special deals, AmBank cardholders can either earn RM30 cashback, or enjoy RM30 discount or 30% off at the respective merchants. To find out more on the AmBank ‘Amazing 30’ Campaign and for other great deals, visit ambank.com.my/amazing30.
Along with this campaign, we are also offering new-to-bank cardholders a 30% cashback upon card approval, activation and achieving a minimum spend amount. To enjoy this perk, customers may apply for a credit card at ambank.com.my/AGR.
For more information, kindly visit ambank.com.my.
AMBANK 'AMAZING 30' CAMPAIGN INTRODUCES ALL NEW DAILY DEALS WITH PROMINENT RETAILERS
Sunday, August 1, 2021
KIOXIA INTRODUCES NEW RETAIL SSDS FOR NEXT GENERATION AND MAINSTREAM PCS
Kioxia Corporation: EXCERIA PRO Series and EXCERIA G2 Series SSDs (Graphic: Business Wire)
EXCERIA PRO Series offers PCIe® 4.0 technology and EXCERIA G2 Series delivers performance increase for value-seeking DIYers
TOKYO, July 29 (Bernama-BUSINESS WIRE) -- Kioxia Corporation, a world leader in memory solutions, today announced two new solid state drive (SSD) series scheduled to be released in the fourth quarter of 2021. The EXCERIA PRO and EXCERIA G2 Series are the company’s latest consumer-grade solutions for today’s hardcore enthusiasts and mainstream DIY system builders. Kioxia’s new SSDs, which are products under development, will be on reference exhibit at the China Digital Entertainment Expo and Conference (ChinaJoy) in Shanghai from July 30th to August 2nd.
TOKYO, July 29 (Bernama-BUSINESS WIRE) -- Kioxia Corporation, a world leader in memory solutions, today announced two new solid state drive (SSD) series scheduled to be released in the fourth quarter of 2021. The EXCERIA PRO and EXCERIA G2 Series are the company’s latest consumer-grade solutions for today’s hardcore enthusiasts and mainstream DIY system builders. Kioxia’s new SSDs, which are products under development, will be on reference exhibit at the China Digital Entertainment Expo and Conference (ChinaJoy) in Shanghai from July 30th to August 2nd.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210728006136/en/
Using the next generation PCIe Gen4x4 interface, the EXCERIA PRO Series is built for demanding PC environments. This brand new series will offer more than 2x the max sequential read speeds[1] of the PCIe Gen3 based EXCERIA PLUS Series, delivering a high performance storage experience for content creators, gamers and professionals.
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