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China Mobile International (CMI) Establishes Japan Office

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TOKYO, May 24, 2018 – (ACN Newswire) – China Mobile International Limited (CMI) today hosted the opening ceremony of its Japan office in Tokyo. Attending were Mr. Song Yaoming, Minister of Economic and Commercial Office, Embassy of the People’s Republic of China in Japan, Mr. Takagi Seiji, Director General for International Affairs, Global Strategy Bureau, Ministry of Internal Affairs and Communications, Mr. Jian Qin, Executive Vice President of China Mobile Communications Group Co., Ltd., and Mr. Li Feng, Chairman & Chief Executive Officer of China Mobile International Limited.

Mr. Song Yaoming said, “The 2020 Olympic Games will be held in Tokyo, which will predictably bring many business opportunities to Japan. And the number of tourists from all over the world, especially China, will increase significantly. Communications services are becoming one of the key development priorities in Japan’s infrastructure construction. The establishment of the CMI Japan office will not only provide convenience for Chinese and Japanese companies to expand their businesses, but also provide the tourists more preferential roaming charges and better services. I hope that Japanese companies will take the opportunity to learn more about China Mobile and explore cooperation opportunities with China Mobile.”

Mr. Takagi Seiji added, “While government support is important, enterprises are principal in strengthening the telecommunications cooperation between two countries. Japanese telecom companies are actively engaged in China and are working globally with Chinese enterprises. Chinese companies have also been active within Japan. We believe that CMI, a subsidiary of China Mobile with the world’s largest subscriber base, establishing its Japan office to strive to move forward in Japan is about the right time.”

Mr. Jian Qin stated, “This year marks the 40th anniversary of the Sino-Japanese Treaty of Peace and Friendship. During a visit to Japan earlier this month, Prime Minister Li Keqiang indicated that China and Japan now have many new opportunities for mutually beneficial cooperation, as both countries are strongly complementary in economies. We should further strengthen collaboration in key areas such as energy conservation, environmental protection, technology innovation, high-end manufacturing, finance, the sharing economy and health care, and we should positively explore possibilities for cooperation in ‘the Belt and Road’ and jointly develop third-party markets.

“Trade and economic relations between China and Japan are inseparable from the connectivity of the Internet. The establishment of the Japan office will promote interrelation of information and communications infrastructure, and strengthen cooperation in emerging technologies such as 5G and IoT. This will not only provide localized and high-quality telecommunications services for overseas Chinese enterprises, but also build a communication bridge for Japanese companies to access China, as well as all Asian and European countries along the ‘the Belt and Road’.”

Information and communications technology is developing at a breakneck pace in today’s hyper-connected world. In view of this, China Mobile is executing on its “Big Connectivity” strategy, which outlines China Mobile’s ambition to globalise its business to meet increasing global demands in data consumption. To provide competitive international telecommunication services to the 890 million China Mobile subscribers, CMI is continuously accelerating its pace in expanding global network deployment and scale of connectivity.

The company presently owns 40 submarine and terrestrial cables, 138 PoPs, and expects to complete 10 global Internet data centres (IDC) construction in 3 years. In Asia, CMI has launched 41 PoPs, providing transmission, IPVPN and Internet services. CMI also participated in the construction of the NCP and SJC2 submarine cable systems, and facilitated large capacity connection within Asia Pacific. In future, CMI will continue to participate in the construction of international communications facilities, provide high-quality connectivity services for operators and enterprises, and strive to become a trustworthy partner.

About CMI
China Mobile International Limited (CMI) is a wholly owned subsidiary of China Mobile. China Mobile is now the largest telecom operator in the world by network scale and subscriber base and is among the top in terms of market capitalization and brand value. To provide better services to meet the growing demand in the international telecommunications market, China Mobile established a subsidiary, CMI, in December 2010, mainly responsible for the operation of international business. Leveraging the strong support of China Mobile, CMI provides a full range of comprehensive international telecommunications services which includes IDD, roaming, Internet, MNC services and Value-Added Business across the globe. Headquartered in Hong Kong, CMI has expanded its footprint to 20 countries across different regions. www.cmi.chinamobile.com.

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SmartUp Has Taken USD5 Million Investment from Blockchain Japan

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And Announces Its First Incubated Japan Blockchain Project ValueCoin

HONG KONG, May 23, 2018 – (ACN Newswire) – Hong Kong based blockchain project SmartUp brings together investment opportunities in Asia. The project has two major updates over the past weekend: SmartUp announced that it received USD5 million investment from Blockchain Japan, also the project reached an agreement with ValueCoin for being its first incubating blockchain project. A press conference was held in Japan last Sunday (20 May 2018) to announce the business development.

The investment of Blockchain Japan will provide initial funding for early platform operation expenses. Besides money investment, Blockchain Japan will also introduce SmartUp to its members, and match suitable projects with SmartUp.

Mr. Toshifumi Emoto, President of Blockchain Japan, said, “There are numerous quality blockchain projects in Asia. However, it is always challenging for them looking for funding and resources. SmartUp provides projects with technical support as well as one stop incubating service. We also introduced ValueCoin to be SmartUp’s first incubatee. We shall work seamlessly with SmartUp and dedicate to bring more quality projects to international market.”

Mr. Ric Wu, Founder of SmartUp, said, “We are happy to receive the support and investment from Blockchain Japan, representing their recognition to our vision. We shall match the project with appropriate and quality resources, and eventually bring the project to the global stage. We are looking forward to more collaboration with Blockchain Japan, not limited to incubating more quality projects, but also increase the awareness of regional market on blockchain technology applications.”

Mr. Fay Lam, Chief Executive Officer of SmartUp, said, “The investment of Blockchain Japan on SmartUp implies strong funding support on the incubated projects, and also a testimonial to SmartUp’s experienced management team and its potential. After the private funding, SmartUp will connect with various Asian investor communities, and grow the incubatees on its transparent and trustful platform.”

ValueCoin is invested and distributed by FCO International Limited, with the technical support and funding from Blockchain Japan. Given the increasing opportunities working with different business organizations when the company is getting involved in international trading, the transactions need to be effectively managed and ensure the transaction records are open, authentic and transparent. ValueCoin’s blockchain platform will provide convenient and accurate way of transaction to its members.

Mr. Zuo Peng, CEO of FCO International Limited, commented on ValueCoin being the first project landing on SmartUp, “Blockchain application is becoming popular in Japan. We share the vision of SmartUp and we are looking forward to apply ValueCoin and its blockchain applications in international trading. The participation to SmartUp incubator will help us getting international resources and partners to promote the said applications to improve business efficiency. Looking ahead, we shall work closely with Mr Wu and his team for bring ValueCoin to the global market.”

Mr. Ric Wu concluded, “On behalf of SmartUp, we welcome ValueCoin to join our platform. SmartUp integrates resources for projects and provides accurate funding record for investors, which hugely reduces transaction cost. ValueCoin owns a membership base of more than 56 million, and its participation to SmartUp has provided an ideal choice to investors. Looking forward, we shall bring in more quality projects in the region as well as better value to investors.”

Please visit https://www.smart-up.co/ for more information about the project, team and service providers.

Please find the link here for HD event photos: https://goo.gl/8H625i

About SmartUp
SmartUp is a global blockchain incubating platform connecting enterprises and individuals. It connects diversified types of projects, companies, individuals, and services, as a result of irrefutable, transparent and temper-free features. The platform also provides a comprehensive service for startups through SIT, which would help create a complete credit system. For detailed information, please visit: www.smart-up.co

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Email: damon.kwok@acrossasia.hk

Topic: Press release summary
Sectors: Daily Finance, Daily News, Currencies, FinTech/Chains, Venture Capital
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From the Asia Corporate News Network

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Position And Proximity Sensor Market to Witness a Pronounce Growth During 2025 : RBM Research

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Position sensors are concerned with the determination of the position of some object with reference to some reference point whereas proximity sensors are a form of position sensors. They are used to determine when an object has moved to within some particular critical distance of the sensor.

The sensors at times discharges a ray of electromagnetic radiation or an electromagnetic field and then looks for alterations in the return or the field. The object that is sensed is often known as the target of the proximity sensor. For instance, a photoelectric sensor or a capacity proximity sensor might be effective for a plastic target whereas an inductive proximity sensor needs metal target. Position sensors play a pivotal role in several systems. For instance, in case of injection molding machines, medical equipment, packaging machines and fly-by-wire aircraft systems among others.

Report Overview @ http://www.reportbazzar.com/reports/RBPR0703201850038429/global-position-and-proximity-sensors-market-by-product-linear-voltage-differential-transformer-magnetostrictive-linear-position-sensors-by-end-users-industrial-automotive-by-application-machine-tools-test-equipment-trends-forecast-2017-2025

The global proximity and position sensors market is competitive and dominated by a few key players. The competitive environment is expected to intensify further over the years with the increase in product and service extensions and product improvements. The growing demand for more accurate and efficient spotting sensors in vehicles, increasing demand from the aviation sector and growing adoption of proximity and position sensors across the verticals.

Product:

• Linear Voltage Differential Transformer
• Magnetostrictive Linear Position Sensors
• Capacitive Linear Position Sensors
• Eddy Current Linear Position Sensors
• Fiber-Optic Linear Position Sensors
• Ultrasonic Linear Position And Proximity Sensors
• Magnetic Proximity Sensors
• Capacitive Proximity Sensors
• Others

End-users:

• Industrial
• Automotive
• Aerospace
• Defense
• Healthcare
• Security
• Transport
• Consumer and Home Appliances
• IT Infrastructure
• Energy and Utility
• Others

Request for sample of this research report @ http://www.reportbazzar.com/request-sample/RBPR0703201850038429

Application:

• Machine Tools
• Test Equipment
• Motion Systems
• Material Handling
• Robotics
• Others

Region:

• North America
• Europe
• Asia-Pacific
• Rest of the World

North America has dominated the Proximity and Position Sensor Market and has generated USD XX million market value in 2017 and is estimated to reach USD XX million market by 2025 with growing XX% CAGR. Asia Pacific region is expected to have a high growth rate over the respective time frame because of the rising utilization of vicinity sensors for mechanical computerization in developing economies, for example, China and India. Other factors driving the Asia Pacific region is majorly due to nearness sensors advertise incorporate expanding number of small and medium manufacturers of smartphone in the region.

Key Players:

• AMS AG
• Allegro Microsystems, LLC
• Honeywell International, Inc.
• Infineon Technologies AG.
• MTS Systems Corporation
• Panasonic Corporation
• Qualcomm Technologies, Inc.
• Renishaw PLC
• STMicroelectronics N.V.
• TE Connectivity Ltd.
• Vishay Intertechnology, Inc.

Ask for Discount @ http://www.reportbazzar.com/discount-form/RBPR0703201850038429

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Record 18,300+ Visitors Attend 10th Entrepreneur Day

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13-Year-Old Start-up Founder Pitches Ideas to HKTDC Chairman
HONG KONG – (ACN Newswire) – A record turnout of more than 18,300 visitors attended the 10th Entrepreneur Day, which concluded its two-day run at the Hong Kong Convention and Exhibition Centre today. The number represented a four per cent increase from last year. Organised by HKTDC, the event hosted a record 276 exhibitors, showcasing a range of innovative products and technologies as well as support services for start-ups. A series of on-site activities were organised to help start-ups seek funding, expand their business, recruit talent and solve problems. These included seminars, pitching sessions, Start-up Clinic consultations, as well as Start-up Mixer “speed dating” meetings between start-ups and experts in various sectors.

Nurturing young entrepreneurs

A key highlight of Entrepreneur Day 2018 was today’s Start-up Express Pitching Final, the final contest of the HKTDC’s new “Start-up Express” incubation programme. Launched in March this year, Start-up Express aims to help start-ups expand globally by connecting them with investors, buyers and potential partners from different parts of the world, through exhibitions, overseas business missions and other activities. Participants are selected through a competition that culminates in the Start-up Express Pitching Final. In this year’s inaugural edition, 20 finalists were shortlisted from 100 entrants.

Today’s Start-up Express Pitching Final was preluded by a Teenage Entrepreneur Pitching session, during which Hilary Yip, the 13-year-old founder of start-up MinorMyna, pitched her business ideas to HKTDC Chairman Vincent HS Lo. She also shared her source of inspiration and story as an entrepreneur. “My business is an online educational platform that helps children of all ages pick up another language by chatting via live video calls with children their own age [in other countries]. My original intention was to help people to learn. But if it’s popular, I think it will make money, just like Facebook,” she said.

Mr Lo said: “Youth are the future of Hong Kong. It’s very important to nurture them and create opportunities for them, as they will be driving force of the city’s economic development.”

Start-up Express winners

The Start-up Express Pitching Final yielded 10 winners – Dragon Creative Enterprise Solution Limited, RainsOptics Limited, Film Players Limited, Koofy Development Limited, Walnut Technology Limited, Mamahelpers Limited, 3DK Tech Limited, Farseer Limited, Lecker Labs Limited, Hong Kong Wowwoo Catering Services Limited.

Each of them is entitled to participate, free of charge, in a series of major local and overseas activities, worth about HK$160,000, that will help them build their networks and expand their business. The activities include a business mission to the Guangdong Hong Kong-Macao Bay Area and visits to major trade fairs around the world. Business leaders, including Mr Lo; Victor Fung, Group Chairman of Fung Group; Neil Shen, Founding and Managing Partner of Sequoia Capital China; and Daryl Ng, Deputy Chairman of Sino Group will share their experiences with the winners during a series of power meet-ups. NiCubator, a project set up by actor and entrepreneur Nicholas Tse, may also provide the winners with promotion opportunities.

The contest’s Head Judge Antony Leung, also Chairman and CEO of Nan Fung Group, said: “The quality [of the contestants] is very good. I’m interested to invest many of them. It also shows that Hong Kong’s ecology and environment for start-ups is getting better and better.” Other judges included Jonathan Lee, Director of Karting Empire; Derek Yeung, co-founder of Chef Nic Holdings Ltd, Duncan Chiu, CEO and co-founder of Radiant Venture Capital; Erica Ma, co-founder and Community Advisor of Cocoon, Lap Man, co-founder and Managing Partner of Beyond Ventures; and Chen Guanhua, co-founder of the HKX.

Entrepreneur Day Website: www.hktdc.com/eday
Photo Download: https://bit.ly/2GuvvLR

About HKTDC

Established in 1966, the Hong Kong Trade Development Council (HKTDC) is a statutory body dedicated to creating opportunities for Hong Kong’s businesses. With more than 40 offices globally, including 13 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China, Asia and the world. With more than 50 years of experience, the HKTDC organises international exhibitions, conferences and business missions to provide companies, particularly SMEs, with business opportunities on the mainland and in international markets, while providing business insights and information via trade publications, research reports and digital channels including the media room. For more information, please visit: www.hktdc.com/aboutus. Follow us on Google+, Twitter @hktdc, LinkedIn.
– Google+: https://plus.google.com/+hktdc
– Twitter: http://www.twitter.com/hktdc
– LinkedIn: http://www.linkedin.com/company/hong-kong-trade-development-council

Contact:

Angel Tang, Tel: +852 2584 4554, Email: angel.hc.tang@hktdc.org 
Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org
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BGMC International Limited Announces 2018 Interim Results Revenue at HK$642.5 Million with HK$28 Million Net Profit

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Successfully Adds 19 New Construction Services Projects and One BLMT Project;
Strong Project Pipeline and Solid Foundation Laid for Growth in Future Earnings

HONG KONG, May 22, 2018 – (ACN Newswire) – BGMC International Limited (“BGMC” or the “Group”) (HKEX: 1693), a Malaysia-based construction services company, has announced its interim results for the six months ended 31 March 2018 (“1H2018” or the “Period”).

During the Period, the Group’s revenue was RM311.9 million (approximately HK$642.5 million) (1H2017: RM359.1 million), despite most of the projects being still at the early stage of completion. Gross profit amounted to RM44.8 million (approximately HK$92.3 million), while gross margin was 14.4% (1H2017: RM65.9 million and 18.4% respectively). The decrease in gross profit was mainly due to the early stage of progress for most of the projects in hand; and the wait for the final account and claim settlement of the completed projects. Consequently, the Group’s net profit for the Period was RM13.6 million (approximately HK$28.0 million) (1H2017: RM32.6 million).

Despite relatively fewer projects having been booked in 1H2018, the Group has maintained its business momentum by securing new projects and contracts during the Period, which has laid a solid foundation for the growth of its future earnings. During the Period, the Group has successfully added 19 new projects worth RM244.5 million (approximately HK$503.7 million) in contract value.

Construction Services
The Construction Services sector continued to be BGMC’s main revenue contributor, contributing 98.2% or RM306.4 million in 1H2018 (approximately HK$631.2 million) (1H2017: RM353.8 million).

During 1H2018, the Building and Structure segment contributed 73.6% or RM245.2 million (approximately HK$505.1 million). The projects near completion included MSM Warehouse, the Serini Melawati and D’Pristine Medini. Meanwhile, those projects progressing well included the Sky Seputeh, Setia Spice and V-Residency 5. The Group had also started new projects such as the Building Works for the Melaka 2,422 megawatt (“mw”) Combined Cycle Gas Turbine (“CCGT”) Power Plant and the Tenaga Nasional Berhad (“TNB”) Worker’s Quarters. Moreover during the Period, BGMC secured four new contracts worth RM163.7 million (approximately HK$337.2 million) including the Building Works for the Melaka 2,422mw CCGT Power Plant and the TNB Worker’s Quarters. The Group had an outstanding order book of RM799.9 million (approximately HK$1,647.8 million).

For 1H2018, BGMC undertook Energy Transmission and Distribution works that involved the installation of 132 kilovolt (“kV”) underground cabling systems and the construction of a 275/132kV power substation. This segment has contributed 8.9% or RM29.5 million (approximately HK$60.8 million) of BGMC’s revenue in 1H2018 and it had recorded healthy growth of 10.5%. The increase was made possible with the construction of PMU 275/132kV Tanjung Langsat which is close to completion while the underground cabling works into PMU MRT Semantan from PMU Damansara City to PMU Brickfield have also made to an advance progress. With the award of another new contract for 132kV underground cabling installation works from PMU Sri Hartamas to PMU Matrade worth RM15.2 million (approximately HK$31.3 million), this segment had an outstanding order book of RM92.6 million as at 31 March 2018 (approximately HK$190.8 million).

During 1H2018, the Mechanical and Electrical segment has contributed RM22.0 million (approximately HK$45.3 million) in revenue, accounting for 6.6% of BGMC’s total revenue. The segment has a total of 18 ongoing projects. During the Period, the Group secured 12 new contracts in this segment worth RM28.8 million (approximately HK$59.3 million) in total and had retained healthy outstanding contracts worth RM160.7 million (approximately HK$331.0 million).

The Earthwork and Infrastructure segment has recorded RM9.6 million (approximately HK$19.8 million) of revenue in 1H2018 or 2.9% of the total revenue. BGMC has secured a new contract in 1H2018 for earthworks, soil improvements works, instrumentation works and its associated works at Kuala Langat for a contract sum of RM36.0 million (approximately HK$74.2 million). This new contract has boosted the outstanding orders to RM48.5 million (approximately HK$99.9 million) in total as of 31 March 2018.

Concession and Maintenance Services Sector
In 1H2018, the Concession segment recorded an imputed interest income of RM21.5 million (approximately HK$44.3 million), while the Maintenance Services segment contributed RM5.5 million (approximately HK$11.3 million) (1H2017: RM21.8 million and RM5.3 million respectively) to the Group’s revenue. The remaining contract period for our UiTM Concession stood at 17 years and 8 months as of 31 March 2018. The outstanding imputed interest income for its Concession segment that is yet to be recognized is amounted to RM853.8 million (approximately HK$1,758.8 million) while the outstanding contract value for the Maintenance Services segment is now amounted to RM189.9 million (approximately HK$391.2 million).

The success of the UiTM Build, Lease, Maintain and Transfer (“BLMT”) project has elevated BGMC’s performance and profile in the Concession and Maintenance Services sector and this in turn has enhanced the ability to secure more concessions in the future. Leveraging the experience and expertise in the Construction Services sector and the Concession and Maintenance Services sector, BGMC has secured another concession project to construct and develop a Large Scale Solar PV Plant (“LSSPV Plant”) of 30 megawatt alternate current (“MWa.c.) at Kuala Muda, Kedah, Malaysia. It has accepted the letter of award from the Energy Commission of Malaysia and signed a 21-year power purchase agreement with TNB, the sole electricity distributor in Peninsular Malaysia. The commercial operation date of the LSSPV Plant is scheduled to be on 30 September 2020.

PROSPECTS
In Malaysia, BGMC foresees construction projects to increase which will also increase the number of concession projects in transportation, road, communications, healthcare, energy and education sectors undertaken by the government of Malaysia. BGMC believes that it is working from a position of strength to capture the concession projects under the Private Finance Initiative programme which will widen its customer base and at the same time, strengthen its reputation in both Malaysia and the regional construction landscape.

BGMC sees promising prospects as it boasts both a high outstanding value and a strong replenishment of its order book. The newly won concession project to construct and develop a 30 MWa.c. LSSPV plant will boost the Group’s performance over the next 24-to-36 months.

Tan Sri Barry Goh, Chairman and Executive Director of BGMC, said, “Moving forward, we will optimise productivity and replenish the order books in the next six months, tendering for projects in the corporate, both the residential and commercial property and industrial sectors, government-linked projects and supporting infrastructure projects in Malaysia as well as seize opportunities available elsewhere in the Southeast Asia region. At the same time, we will look for possible opportunities via strategic partnerships to extend our portfolio and footprint across the region, thereby increasing our market share in the near future.”

As at 31 March 2018, BGMC’s order book for the Construction Services sector stood at RM3.6 billion (approximately HK$7.4 billion), while its outstanding order book stood at RM1.1 billion (approximately HK$2.3 billion).

Major Ongoing Projects – Contract value

D’Pristine Medini: Construction of a mixed development consisting of a 3-storey retail unit, 6-storey parking facilities, a 23-storey office tower, a 28-storey SOHO tower, a 29-storey SOHO tower and a 27-storey hotel tower at Medini Iskandar, Johor, Malaysia – RM580,000,000 / HK$1,194,800,000

The Sky Seputeh: Construction of two blocks of 37-storey towers consisting of 290 units of apartments, car parks and other facilities at Taman Seputeh, Wilayah Persekutuan, Malaysia – RM292,020,000 / HK$601,561,200

Setia Spice: Construction of a 26-storey building which consists of a 19-storey hotel tower (453 rooms), a three-storey carpark, a four-storey hotel facility and a two-storey basement carpark at Setia Spice, Bayan Lepas, Penang, Malaysia – RM209,488,000 / HK$431,545,280

The Serini: Construction of two 38-storey tower blocks consisting of 528 units of apartments, car parks and other facilities at Melawati, Selangor, Malaysia – RM178,908,000 / HK$368,550,480

TNB Worker’s Quarters: Construction of one eight-storey block of executive quarters (24 units), three nine-storey blocks of non-executive quarters (160 units) and other facilities at Kuala Berang, Terengganu, Malaysia – RM76,531,000 / HK$157,653,860

V-Residency 5: Construction of a 24-storey tower consisting of apartments and other amenities at Selayang Town, Gombak District, Selangor, Malaysia – RM66,850,000 / HK$137,711,000

Melaka Power Plant: Building Works for the Construction of a 2,422mw Combined Cycle Gas Turbine Power Plant at Kuala Sungai Baru, Alor Gajah, Melaka, Malaysia – RM49,853,000 / HK$102,697,180

About BGMC International Limited
Founded in 1996, BGMC International Limited is a construction services company based in Malaysia. With an operating history of over 20 years, it provides a wide range of construction services to customers. Armed with experience and expertise in construction services, the Group is capable of undertaking public private partnership (PPP) projects based on the Build, Lease, Maintain and Transfer (BLMT) model that can allow it to generate long-term recurring cash flow.

Media Enquiries:
Strategic Financial Relations Limited
Heidi So (852) 2864 4826 heidi.so@sprg.com.hk
Maggie Au (852) 2864 4815 maggie.au@sprg.com.hk
Fanny Yuen (852) 2864 4853 fanny.yuen@sprg.com.hk
www.sprg.com.hk

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