HONG KONG, Jan 17, 2023 - (ACN Newswire via SEAPRWire.com) - Beauty Farm Medical and Health Industry Inc. ("BeautyFarm Med" or "Company", stock code: 2373.HK), the largest provider of traditional beauty services in China in term of revenue in 2021, successfully listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") today, with a board lots of 500 shares each. The stock price of BeautyFarm Med reached HK$30.5 at its debut today, representing an increase of 57.9% over the offer price. The share price closed at HK$29.65, up 53.5% and represents a market capitalization of HK$ 6.83billion.Morgan Stanley Asia Limited, Haitong International Capital Limited and Huatai Financial Holdings (Hong Kong) Limited are the Joint Sponsors to the global offering; Morgan Stanley Asia Limited, Haitong International Securities Company Limited and Huatai Financial Holdings (Hong Kong) Limited are the Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and Joint Managers to the global offering.The Company states that the listing of BeautyFarm Med in Hong Kong marks a key milestone and unfolds a new chapter in the Company's development. Looking ahead, BeautyFarm Med will strategically expand its service network and marketing channels to enlarge its client base and increase brand awareness. The Company will also further enhance its operational efficiency and client experience by introducing new technologies, equipment and products, and expanding its service offerings. Moreover, the Company will continue to cultivate, recruit and retain high-caliber talent and strengthen its human resources management mechanism; and integrate industry resources and promote the development of industry standards by deepening cooperation with upstream suppliers and sharing its industry and management experience, thereby creating greater value for the clients, shareholders and employees. Beauty Farm Medical and Health Industry Inc.Beauty Farm Medical and Health Industry Inc. (stock code: 2373.HK) is a leading player in China's beauty and health management service industry, which has a large and loyal client base, extensive network with expansion efficiency, diversified services and product offerings as well as strong brand awareness. BeautyFarm Med is the largest provider of traditional beauty services and the fourth largest non-surgical aesthetic medical service provider in China with a market share of 0.2% and 0.6%, respectively, as measured by revenue in 2021 and according to Frost & Sullivan. The Company provides overall beauty and health management services through its well-established and widely recognized brand portfolio of BeautyFarm, Palaispa, CellCare and Neology. The service offerings of the Company cover traditional beauty services, aesthetic medical services as well as subhealth assessment and intervention services, across the full client lifecycle. This press release is issued by Porda Havas International Finance Communications Group for and on behalf of Beauty Farm Medical and Health Industry Inc. For further information, please contact: Porda Havas International Finance Communications GroupTel: 852 3150 6788Email: projectgarden.hk@pordahavas.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Jan 16, 2023 - (ACN Newswire via SEAPRWire.com) - Champion Real Estate Investment Trust ("Champion REIT" or the "Trust") (Stock Code: 2778), owner of Three Garden Road and Langham Place, hosted "Love . Play . Farm" Harvest Day on 14 January. Together with The Coffee Academics, the Trust presented the "First-in-Hong Kong" organic Mint Lemonade, putting into practice the "waste to farm to table" concept. Tenants who attended farming workshops earlier and children who participated in mural painting were invited to Langham Place to join the meaningful event.The "First-in-HK" "Love . Play . Farm" organic Mint Lemonade drink, a true example of the "waste to farm to table" conceptTenants who attended farming workshops earlier and children who participated in mural painting are invited to Langham Place to join the meaningful "Love . Play . Farm" Harvest DayChildren who participated in mural painting have great satisfaction reaping the vegetables, appreciating the fruit of their hard workChildren learn organic farming techniques, including sowing seeds, using fertilisers and wateringLast year, the Trust invited the young local artist Zue Chan to lead a group of children from disadvantaged families in Tin Shui Wai and children of colleagues in painting an outdoor mural to bring art into Langham Place Mall. The activity also marked the debut of "Love . Play . Farm" activities. Other than being a visual attraction, the mural painting stands for Champion REIT's efforts to connect different groups in the community and hopes to instill in the children the awareness of green living style. The Trust has also leveraged Langham Place Mall's prime location to hold organic urban farming workshops for tenants that they experienced planting seasonal produces like kale, cauliflower and eggplant. Tenants learned organic farming techniques, including sowing seeds, using fertilisers and watering, and enjoyed the fun and happy surprises from farming. On the Harvest Day, tenants had great satisfaction reaping the vegetables they grew, appreciating the fruit of their hard work. The Trust also has a few coffee trees growing in the farm at Langham Place Mall, rather rare in Hong Kong.Moreover, the Trust has been cooperating with The Coffee Academics to recycle coffee grounds into fertiliser. The two partners have also used the mint leaves harvested from the farm to create the "First-in-Hong Kong", organic Mint Lemonade drink, a true example of the "waste to farm to table" concept. To encourage living green in the community, the Trust donated 240 cans of Mint Lemonade to St. James' Settlement and Haven of Hope Christian Service.Ms Christina Hau, Chief Executive Officer of Champion REIT, said, "The 'Love . Play . Farm' Harvest Day could not have been possible without tenants' strong support and active participation. Looking ahead, on top of focusing on sustainable development, we will keep looking to work with different stakeholders to promote waste and carbon reduction, aiming for synergies so that we may boost the overall well-being of stakeholders."About Champion REIT (Stock Code: 2778)Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties. The Trust focuses on Grade A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These include two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as joint venture stake in 66 Shoe Lane in Central London. Since 2015, the Trust has been included in the Constituent of Hang Seng Corporate Sustainability Benchmark Index of Hang Seng Indexes.Website: www.championreit.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Dec 30, 2022 - (ACN Newswire via SEAPRWire.com) - Beauty Farm Medical and Health Industry Inc. ("Beauty Farm" or "Company", stock code: 2373), the largest provider of traditional beauty services in China, today announces the proposed listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK").Beauty Farm plans to offer an aggregate of 40,536,500 Offer Shares under the Global Offering (subject to the Over-allotment Option), consisting of 36,482,500 International Offer Shares (subject to reallocation and the Over-allotment Option) and 4,054,000 Hong Kong Offer Shares (subject to reallocation), at a price of HK$19.32 per share.The Company will start its public offering in Hong Kong at 9 a.m. on 30 December, 2022 (Friday) and end at 12 noon on 6 January, 2023 (Friday). Dealings in shares on SEHK are expected to commence on 16 January 2023 (Monday), with the stock code of 2373 in board lots of 500 shares each.Morgan Stanley Asia Limited, Haitong International Capital Limited and Huatai Financial Holdings (Hong Kong) Limited are the Joint Sponsors; Morgan Stanley Asia Limited, Haitong International Securities Company Limited and Huatai Financial Holdings (Hong Kong) Limited are the Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and Joint Managers.Beauty and health management service provider with diversified brand portfolio in ChinaBeauty Farm is a leading player of the chain service brand in China's beauty and health management service industry, which has large and loyal client base, extensive network with expansion efficiency, diversified services and product offerings as well as strong brand awareness. According to Frost & Sullivan, Beauty Farm is the largest provider of traditional beauty services and the fourth largest non-surgical aesthetic medical service provider in China with a market share of 0.2% and 0.6% respectively, as measured by revenue in 2021. The Company provides overall beauty and health management services through its well-established and widely recognized brand portfolio of BeautyFarm, Palaispa, CellCare and Neology. The service offerings of the Company cover traditional beauty services, aesthetic medical services as well as subhealth assessment and intervention services, across the full client lifecycle. As of June 30, 2022, the overall service network of Beauty Farm comprised 352 stores, including 177 direct stores and 175 franchised stores. Among the direct stores, 84 stores were located in tier-one cities and 73 stores were located in new tier-one cities.Constant evolution of business model in response to market demand, offering clients overall beauty and health management servicesAs the leading chain brand in China's beauty and health management service industry, Beauty Farm has provided traditional beauty services to clients for nearly three decades. With insights into clients' increasingly diversified demand accumulated through years of services, the Company has extended its offerings by providing more sophisticated services such as aesthetic medical services since 2011. Thereafter, the Company commenced to build its subhealth assessment and intervention service capacity in 2018, in response to the rising demand of subhealth assessment and intervention services as a result of consumption upgrade and China's rising prevalence rate of subhealth status. Counting the revenue generated in 2021, traditional beauty services, aesthetic medical services, and subhealth assessment and intervention services represented 58.8%, 37.8% and 3.4% of the total revenue for the year. These service offerings of Beauty Farm complement each other and create a synergistic effect for the overall operations of the Company. The Company's long history in traditional beauty services has positioned the Company uniquely in the industry and fueled the revenue growth without significant increase in customer acquisition costs as the Company has become many members' lifelong trusted advisor on health and beauty. And 21.7% and 21.2% of members of the Company's traditional beauty services in 2021 and the six months ended June 30, 2022, respectively, purchased aesthetic medical services or subhealth assessment and intervention services, which is expected to further grow in the future. Likewise, the expansion of aesthetic medical services and subhealth assessment and intervention services can also further boost the growth of traditional beauty services going forward.Standardized services supported by digitalized platformBeauty Farm has established an integrated service platform to ensure high-quality services to its clients in a consistent manner across all stores. The digitalized platform of the Company is supported by standardized operating procedures and digital infrastructure covering stringent quality control, training system and supply chain management. The Company achieved one of the few highest service personnel annual retention rates in 2021 within the beauty and health management service industry. Among all the service personnel who have stayed with us for more than one year, they have an average of 6.1 years of retention. The standardization and digitalization of the business platform provides scale advantages across various aspects of the Company's operations that can be leveraged by its stores and service personnel. The integrated service platform is capable of consolidating and processing operational data accumulated from various systems across the store network. The Company also applies data mining and data analytics to obtain valuable insights to profile its clients' transaction patterns, consumption habits, and lifetime client value. Such tech-enabled enhancements allow the Company to customize its services according to clients' needs so as to maintain their stickiness and identify cross-selling opportunities. The platform-based operating model allows Beauty Farm to standardize various aspects of its operations to improve both client experience and the service performance of its service personnel. In addition, as the Company continues to accumulate and analyze digital information from its day-to-day business operations, the Company can further improve its operational efficiency.A large client base of active members supported by CRM systemThe comprehensive service offerings of Beauty Farm have attracted a large base of active clients, which is supported by a comprehensive client service system. In 2021, the direct stores of the Company served 77,356 active members, which was increased by 12.5% in 2020. The active members from direct stores on average made 10.8 visits (2020: 10.2 visits) and spent RMB20,832 in 2021 (2020: RMB20,151). 80.7%, 82.1%, 84.6% and 77.0% of the active members in 2019, 2020, 2021 and the six months ended June 30, 2022 made multiple purchases of the Company's services in the same period, respectively. In addition to the increasing client volume in direct stores, the franchised stores of the Company served 27,916 active members in 2021 and 22,552 active members in the six months ended June 30, 2022. Sustainable development supported by organic growth and strategic acquisitionsBeauty Farm has a proven track record of rapidly expanding its geographic footprint across China and has achieved rapid and sustainable business growth through both organic growth and strategic acquisitions. The scalability and replicability of its business is evidenced by its ability to open new stores rapidly. The Company opened 45 new direct stores from 2019 to June 30, 2022. Beauty Farm is able to ramp-up its new stores and achieve profitability efficiently. Contributed by the Company's long-term business relationship with prime shopping malls and the ability to bring strong footage to the venue, the typical lead time from the completion of site selection to store opening is approximately three months. From 2014 to June 30, 2022, a new traditional beauty service store on average achieved initial breakeven in eleven months after commencement of operation.Beauty Farm experienced a successful track record of identifying, acquiring and integrating stores into its network. The Company has completed 20 acquisitions in beauty and health management service industry from 2014 to June 30, 2022, most of which have successfully enhanced the Company's business offerings and management team. Upon the completion of integration, acquired stores typically witness improved business performance and rapid client expansion. For example, the acquisition of Palaispa shows the Company's acquisition power and capabilities in integration. Revenue generated from Palaispa members and franchisees increased from RMB102.4 million in 2017 to RMB185.7 million in 2021 at a CAGR of 16.0%. Those acquired stores were smoothly integrated into the Company's network, ensuring further synergies and value creation. Going forward, Beauty Farm will continue to identify and evaluate acquisition opportunities in high-quality stores to capture growth opportunities.The success of Beauty Farm is also attributable to its visionary and dedicated management with extensive industry experience, as well as strong shareholder support. Since 2013, CITIC PE, who has extensive experience managing and growing companies in the beauty and health management service industry, has been working closely with Beauty Farm to establish a standardized and disciplined chain business with nationwide footprint and has made important contributions to the company's strategic formulation, merger and expansion, executive recruitment, brand and design, human resources, supply chain, marketing, finance and other aspects of management improvement.Looking forward, Beauty Farm plans to carry out below key growth strategies to realize its development, including strategically expanding its service network and marketing channels to expand its client base and increase brand awareness; further enhancing its operational efficiency and client experience through standardization and digitalization of its system; improving client loyalty and fulfilling clients' evolving needs by introducing new technologies, equipment and products, and expanding its service offerings; continuing to cultivate, recruit and retain high-caliber talent and strengthen its human resources management mechanism; and integrating industry resources and promoting the development of industry standards by deepening cooperation with upstream suppliers and sharing its industry and management experience.Beauty Farm Medical and Health Industry Inc.Beauty Farm Medical and Health Industry Inc. ("Beauty Farm" or "Company", stock code: 2373) is a leading player in China's beauty and health management service industry, which has large and loyal client base, extensive network with expansion efficiency, diversified services and product offerings as well as strong brand awareness. According to Frost & Sullivan, Beauty Farm is the largest provider of traditional beauty services and the fourth largest non-surgical aesthetic medical service provider in China with a market share of 0.2% and 0.6% respectively, as measured by revenue in 2021. Leveraging 29 years of industry experience and adapting to evolving client demand, the Company provides overall beauty and health management services through its well-established and widely recognized brand portfolio of BeautyFarm, Palaispa, CellCare and Neology. The service offerings of the Company cover traditional beauty services, aesthetic medical services as well as subhealth assessment and intervention services, across the full client lifecycle. This press release is issued by Porda Havas International Finance Communications Group for and on behalf of Beauty Farm Medical and Health Industry Inc. For further information, please contact: Porda Havas International Finance Communications GroupTelephone: 852 3150 6788Email: projectgarden.hk@pordahavas.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
HONG KONG, Dec 20, 2022 - (ACN Newswire via SEAPRWire.com) - Reproduced from Bloomberg Terminals, the dairy products increasingly become the daily necessities for the general public in the domestic market, especially in the era when the concern over health and nutrition is raised considerablely, and there are brand-new opportunities for the dairy industry to grow. On 16 December, AustAsia Group Ltd. ("AUSTASIA GROUP" or the "Company"; stock code: 2425.HK), a dairy farm operator, officially launched its IPO, which has now entered the third day. It is expected to be officially listed on the HKEx on 30th December, with China International Capital Corporation Hong Kong Securities Limited and DBS Asia Capital Limited as Joint Sponsors.According to the prospectus, AUSTASIA GROUP is one of the top five dairy farm operators in China, ranking third, fourth and fifth among all dairy farm operators in China in terms of sales volume, sales value and production volume of raw milk in 2021. The Company has a diverse customer base, ranging from leading national and regional dairy product manufacturers to emerging dairy brands, and provides premium raw milk to its downstream dairy product manufacturer customers. Meanwhile, the Company is the first dairy farm operator in China to design, build and operate large-scale and standardised dairy farms with over 10,000 heads of dairy cows, according to Frost & Sullivan.Benefiting from the rapid growth of dairy industry and establishing a leading positionAs an essential people's livelihood industry, the dairy industry in China has been developing rapidly since the reform and opening up. Driven by the rapid development of the economy and the increase of per capita disposable income, the industry has experienced steady growth in recent years. According to Frost & Sullivan, the total retail sales value of dairy products is expected to increase from RMB557.4 billion in 2021 to RMB875.5 billion in 2026 at a CAGR of 9.5%. Also, the rapid growth and structural changes in the downstream dairy landscape have increased the demand for high-end raw milk in the upstream market, and the industry has a broad development prospect.Leveraging plentiful experience and expertise, AUSTASIA GROUP commenced its dairy farming operations in China in 2009, laying a solid foundation for its long-term development. AUSTASIA GROUP currently owns and operates ten large-scale dairy farms in China, with an aggregate gross land area of approximately 14,657 mu. As of 30 June 2022, the total herd size of dairy cows was 111,424 heads, of which 57,383 were milkable cows. From 2019 to 2021 and for the six months ended 30 June 2022, the Company produced approximately 565,400 tons, 582,800 tons, 638,800 tons and 359,200 tons of raw milk, making it a pioneer in the high-growth dairy sector.Proven and synergistic business integration with strong and stable financial performanceRelying on its strong and comprehensive competitiveness, AUSTASIA GROUP has established two main business segments, namely raw milk business and beef cattle business, and has achieved synergy between these two segments. The raw milk business provides stable and self-sustaining source of beef cattle with excellent genetic traits, health conditions and easy traceability for its beef cattle business, which improves the productivity of beef cattle and promoting a virtuous circle of development. Meanwhile, AUSTASIA GROUP also sells in-house branded dairy products under its own brand "AustAsia" to large coffee shops, milk tea shops, bakeries and dim sum chains in China.At present, AUSTASIA GROUP owns and operates two large-scale beef cattle feedlots in China. The Company had a total 28,152 heads of beef cattle as of 30 June 2022. In addition, the business of AUSTASIA GROUP spans the key stages of the dairy farming value chain, including farm design and management, forage cultivation, in-house feed production, dairy cow breeding and raw milk production. Such highly proven and synergetic business integration model has built a moat for the development of the enterprise.With its integrated business model, AUSTASIA GROUP recorded strong and stable operating income. According to the prospectus, the Company's revenue from continuing operations increased from US$352 million in 2019 to US$522 million in 2021, representing a CAGR of 21.9%. As of 30 June 2022, the revenue amounted to US$278 million, with a year-on-year growth of 15.4%. From 2019 to 2021 and for the six months ended 30 June 2022, the gross profit margin of the Company was 34.6%, 37.1%, 33.7% and 24.5% respectively, and the adjusted net profit margin for the same period was 21.5%, 25.7%, 23.1% and 14.8% respectively.At present, the dairy industry is in the stage of accelerated development, and high-quality dairy enterprises that can provide high-quality and high nutrition for the market are expected to usher in a golden period of growth. AUSTASIA GROUP, which is in the process of IPO, has made full preparations for listing on the Hong Kong Stock Exchange. In the future, the Company will continue to develop beef cattle business, expand diversified customer base, and develop genetic breeding technology, so as to create greater long-term value in a responsible and sustainable way, and step onto a new level of development. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
Singapore, Mar 14, 2022 - (ACN Newswire via SEAPRWire.com) - Infocus International Group has announced the new date for Offshore Wind training and it will be commencing live on the 5th of April 2022. A comprehensive online course to one of renewable energy's fastest-growing sectors.This is a business-focused training seminar designed to provide business developers and investors with an accessible and concise, yet comprehensive understanding of the many facets of these capital-intensive and lengthy projects. Offshore wind projects are very different from their onshore cousins, both in terms of the components required and the project development and installation processes involved. From turbines and timescales to cabling and costs, the scales are often supersized - with clear economic and practical rationale for this.This course will lead attendees through the technologies, processes and financial return and risk considerations for those involved in offshore wind project development. Explanations will be provided in clear, business-friendly language accessible to non-engineers. Trends and emerging disruptive technologies, such as floating turbines and integrations with other clean energy solutions, will be introduced and placed into context.If you need a valuable, up-to-the-minute and independent introduction to the fast-growing offshore wind sector, this online course provides a unique learning opportunity.Past attendee from ResponsAbility Investments AG commented, "He represents a thoughtful and unbiased view in the realm of renewable energy. His insights are well reasoned, clear and, perhaps most importantly, backed up by hard numbers. Definitely a person I would turn to for guidance in this space."Course Sessions:- Developing offshore wind projects- Constructing offshore wind projects- Operating & innovating with offshore windAmong the key points to be addressed:- Essential offshore wind farm development processes- How are offshore wind projects constructed?- Key delivery risks at various stages in a project's life- Challenges to consider in operating an offshore wind farm- Key drivers of financing and financial risk & return in offshore wind projects- Essential policy, technology and market trends to consider in forward planning - Status of floating wind, and how it will impact the industry- Other disruptive technology and energy integration trends- Which markets and geographies offer the greatest growth potential?Want to learn more?Simply email to emilia@infocusinternational.com or call +65 6325 0210 to obtain your FREE COPY of event brochure. For more information, please visit https://www.infocusinternational.com/offshore-wind .About Infocus International GroupInfocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.Infocus International recognises clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.Emilia MokTel: +65 6325 0210Email: emilia@infocusevent.comWebsite: www.infocusinternational.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
SINGAPORE, Jan 26, 2022 - (ACN Newswire via SEAPRWire.com) - Don Agro International Limited (the "Company" or "Don Agro") and its subsidiaries (collectively the "Group"), one of the largest agricultural companies based in the Rostov region of Russia, is pleased to announce the cooperation with Cargill, one of the top agricultural companies in the world, that will provide nutrition for the biggest farm of Don Agro.This collaboration should increase the efficiency of dairy farming at Don Agro through increasing milk yield, improving animals' health and reducing costs.An important advantage of working with Cargill is a change in the approach to feeding animals with attention to their need for a qualitative composition of the diet and the amount of feed consumed. The cooperation includes the introduction of Cargill's feeding programs and digital solutions.One of them that is called DairyApp makes it possible to audit the farm directly on the tablet, saving all the necessary data that accumulates throughout usage of the application. This allows to track the progress made on all key indicators of the farm and make a detailed and in-depth analysis of the animals.Cargill's Dairy Enteligen Premium service is also introduced to automatically collect and analyze data from the milking parlor, herd management and feeding programs, and creates a convenient visual report.Another IT solution implemented at the Don Agro farm will be the use of the DairyMax ration calculation program, which allows not only the balance of ration based on the needs of the animal but also to predict the result and manage it, depending on the goals."We are pleased to cooperate with the largest milk producer in the Rostov region of Russia. We start by providing nutrition for one farm, but when we achieve results there, we are ready to take care of feeding other farms of Don Agro. We look forward to long and fruitful cooperation and believe that the modern technologies offered by Cargill will help our client achieve great results", said Mr. Jon Lauritzen, Country Director of Cargill in Russia.The herd at the Don Agro farm in Novoselovka is approximately 1,300 heads of cattle which includes over 650 milking cows. According to preliminary calculations, cooperation with Cargill and transfer to a new nutrition scheme will increase average daily milk yield from 20.5 litres to 23 litres per milking cow."We have big expectations for cooperation with such an industry leader on agricultural and food markets. Firstly, interaction with Cargill is a guarantee of high quality. Secondly, the company offered us favorable conditions for cooperation, which significantly distinguished them from other nutrition providers. Novoselovka is the largest of our five farms. Therefore, the synergistic effect of increasing milk yield and optimizing the cost of nutrition should enhance profit", commented Mr. Marat Devlet-Kildeyev, Chief Executive Officer of Don Agro International.The Group owns approximately 4,000 heads of cattle which include over 2,200 milking cows. In 2021, Don Agro produced 15.831 million litres of milk. At the same time, the priority of the Company's management is the efficiency of dairy production through caring for animals' health.The Group sells raw milk to dairy processing companies for the production of fresh milk and other high-end processed dairy products. Customers compete for the Company's raw milk, that's why Don Agro generally sells it to a single large dairy producer in any given year. Such a supply agreement allows the Group price negotiations on a regular basis based on market conditions.About Don Agro International LimitedDon Agro is one of the largest agricultural companies in the Rostov region in Russia principally engaged in the cultivation of agricultural crops and production of raw milk. The Group is also engaged in crop production in the Volgograd region in Russia. The Group has a total controlled land bank of 67,340 hectares, of which more than 54,420 hectares are arable land. The Group owns approximately 17,200 hectares of its controlled land bank.The Group's operations are principally located in the Rostov region, one of the most fertile regions of Russia, situated close to the Azov and Black Seas and the Don River which house major international ports. The Group's second operating division in the Volgograd region is located in close proximity to key trading routes including the Volga River. This allows the Group's customers, who are mainly traders and exporters, to save on transportation costs and, as a result, be able to offer higher prices for the Group's crops. Within the crop production segment, the Group is primarily engaged in the farming of commercial crops such as winter wheat, sunflower, and corn.In addition, the Group is the largest milk producer in the Rostov region and owns more than 4,000 heads of dairy cattle which includes approximately 2,200 milking cows.Issued for and on behalf Don Agro by Financial PRFor more information please contact:Romil Singhtech@financialpr.com.sgTel: +65 6438 2990, Fax: +65 6438 0064Don Agro International Limited (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "Exchange") on 14 February 2020. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").This press release has been reviewed by the Company's Sponsor. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.The contact person for the Sponsor is Mr Joseph Au, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
SINGAPORE - Having grown its solar capacity by more than seven times since 2015, Singapore is now one of the most solar-dense cities in the world. The Republic took one big step towards environmental sustainability when its first large-scale floating solar photovoltaic (PV) system at Tengeh Reservoir - about the size of 45 football fields - was officially opened on Wednesday (July 14). Prime Minister Lee Hsien Loong was the guest of honour at the event. This latest solar farm in Tengeh, which has a capacity of 60 MWp, will contribute to to the country's plan to install at least 2 GWp of solar PV capacity by 2030. The project will also give the nation's solar and renewable energy industry a boost, paving the way for more such facilities to be built here and in the region, Mr Lee said. The idea of building a floating solar farm came up a decade ago when Singapore was looking for ways to harness solar energy at scale. This became an increasingly viable option as the cost of solar cells came down. Building a floating solar farm also helped to capitalise on the large surface area of reservoirs and allow for solar deployment to be scaled up, the PM added. Spread across 10 solar-panel islands, the 122,000 solar panels on the surface of Tengeh Reservoir comprise one of the world's largest inland floating solar PV systems. The energy generated there will go into the national electricity grid, providing enough power for around 16,000 four-room Housing Board flats for a year. Alternatively, that is more than enough to power the operations of our local water treatment plants that treat reservoir water to produce clean drinking water to the entire nation, Mr Lee said. In 2016, national water agency PUB and the Economic Development Board launched a 1 MWp test bed at Tengeh Reservoir, which showed that a floating solar farm was feasible and did not affect surrounding wildlife or water quality. Features of the Sembcorp Tengeh Floating Solar Farm on July 13, 2021. The test bed also performed up to 15 per cent better than a conventional rooftop solar power system due to the cooler reservoir water, Mr Lee said. He added: "Because the pilot was successful, we are now building similar floating solar farms on Bedok and Lower Seletar Reservoirs, which we expect to complete later this year." The floating solar farm at Tengeh is designed, built, owned, and operated by Sembcorp Floating Solar Singapore in partnership with PUB. It was completed in less than a year, despite manpower and resource challenges caused by Covid-19. The bulk of the construction started last December. Prime Minister Lee Hsien Loong was the guest of honour at the event. ST PHOTO: LIM YAOHUI Sembcorp's engineers came up with their own techniques to boost productivity, such as by building a device that sped up the assembly of the solar panels to the floats by up to 50 per cent. Amid the pandemic earlier this year, assembling just 1,200 solar panels a day was difficult. But productivity improvements at peak saw around 1,800 to 2,000 solar panels been assembled each day. A digital monitoring system has also been set up to monitor the health of the solar farm. And as dirt on the panels can reduce operational efficiency, they are tilted at a slight angle to allow rainwater to wash it off. Control room inside the control building of the Sembcorp Tengeh Floating Solar Farm on July 13, 2021. ST PHOTO: LIM YAOHUI Drones with thermal-imaging capabilities will also be deployed to detect any faulty panels. Gaps between the solar panels will allow sunlight to pass through and deployed aerators will maintain oxygen levels in the water, reducing the impact on biodiversity and water quality of the reservoir, Mr Lee said. More on this topic Related Story Interactive: How Singapore built one of the world's biggest floating solar farms Related Story Soak up the sun: Floating solar farm will help S'pore achieve its clean energy ambition
Dubai, UAE / SEAPRWire / June 24, 2021 / – SafeHamsters, a global blockchain ecosystem, is all set to launch the brand-new SafeHamsters Planet V.1.0. With the latest update, farm staking and a new DEX is up for grabs. The SafeHamsters token key will perform a set of functions exclusive to this platform. SafeHamsters aims to become the first global blockchain ecosystem based on the principle of "Fun & Rich". It will tie together the most popular and effective services to provide income for each member in the SafeHamsters ecosystem. Through SafeHamsters, farm staking will generate the seed, while burning hamsters will provide an hourly bonus of farm staking. This is in turn is guaranteed to affect the strength of the fighter hamster's NFT card. These bonuses can be swapped for other benefits by the holder. Farming directly from the transaction is a basic function of SafeHamsters. The token is burnt up once it is spent on the platform through the marketplace token. "The idea behind the name of the project "Safe" is to save and protect the "Hamsters". In the crypto industry, this is usually the name for newcomers who lose money on scam projects and rate manipulations. Our platform is to become a 'safe' place for trading and staking within the bitcoin industry", says a spokesperson for SafeHamsters. The 'Seed' forms the basic token of the staking/farming platform and is also the main token of the gaming platform. Here are the functions that the 'seed' will perform through SafeHamsters: it will be a farm staking mining token, the acquisition of these NFT cards is guaranteed to increase farm staking, and it will allow the investor to purchase combat NFTs and bonuses. This token can be utilized to improve the level of NFT cards for farm staking. In the early days of the project, the SafeHamsters team made major strides to perfect the platform. The website is still under construction, with new updates being added regularly. The company passed the AMA sessions on BIKI and SATOSHI communities. A few adjustments are being made to the swap which will be ready soon. The company is currently in audit with the "Smart State", with an upcoming second audit to be conducted by Solidity. Currently, moderation is being carried out on SafeHamsters advertising and social media networks. The preparation for tokenomics for farming and staking is a work in progress. Marketing proposals are in the works to attract new investors. So far, SafeHamsters is on track as per its set roadmap. Shortly, investors can expect exciting new content, including a list of contests with prizes and gifts for the members of the community. For more information, please visit: Website: https://safehamsters.io/ Twitter: https://twitter.com/SAFEHAMSTERS Telegram: https://t.me/safehamsters_official Media Contact Company: Safehamsters Contact: Media team Website: https://safehamsters.io/ Email: hello@safehamsters.io Telegram: https://t.me/safehamsters_official SOURCE: Safehamsters The article is provided by a third-party content provider. SEAPRWire ( www.seaprwire.com ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Indonesia, Thailand, Vietnam, Singapore, Malaysia, Philippines & Hong Kong )
TOKYO, Jun 16, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) has reached agreement to invest in Impact Energy Asia Development Limited (IEAD), the developer of a 600MW capacity onshore wind farm project in Laos. MC will invest through an intermediate holding company together with a group company of Impact Electrons Siam Co., Ltd. in Thailand. The initiative is being executed through Diamond Generating Asia, Limited (DGA), MC's wholly owned subsidiary in Hong Kong.Site Location The onshore wind farm will be located in Sekong and Attapeu Provinces in southern Laos. The wind farm will be the first wind farm in Laos and the largest in South East Asia. By installing a dedicated power transmission line to Vietnam, power from the wind farm is planned to be sold to Vietnam Electricity, a state-owned electric power company in Vietnam, for 25 years. In Vietnam, in addition to the need for further power supply to support its growing economy, it is crucial to secure a power source in the dry season, when the operating rate of one of Vietnam's main power sources, hydro power generation, is limited. The onshore wind farm is expected to operate at a high rate during the dry season, when hydro power generation is limited, and is expected to contribute to the stabilization of Vietnam's power system while making country's energy mix greener. The onshore wind farm is being developed as part of a memorandum of understanding on power interchange signed between the Vietnamese and Lao governments in October 2016. If electricity exports from this project are realized, it is expected to be the first cross-border electricity interchange from wind power generation in South East Asia as planned by Lao government. We will continue to contribute to the realization of a decarbonized society by striving to achieve both a stable supply of electricity in Vietnam and addressing the environmental challenges for the stable society. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
SINGAPORE - Some farms in Singapore are leveraging technology to boost yields, but one high-tech farming company here is now looking to sell more than just its produce. Local vegetable company Sky Urban Solutions on Tuesday (March 16) launched a new micro-farming system that combines aquaculture, vertical vegetable farming and customisable spaces for storage or more, which it wants to export around the world. Such novel solutions that agri-food tech companies develop here not only addresses Singapore's food security challenges but could help other countries as well, said Minister for Trade and Industry Chan Chun Sing at the launch event. He added that having a portfolio of different agri-tech technologies that address various challenges - such as systems that make more efficient use of water or energy, or those that allow alternative crops such as potatoes to be grown - here would allow Singapore to use them to scale up local production when needed, even if they are not implemented during normal times. Sky Urban Solutions' modular aquaculture system is used for rearing food fish such as tilapia and sultan fish on the ground floor in tanks built in freight containers. Above the containers is a greenhouse with the company's signature tiered system it uses at its Sky Greens farm in Lim Chu Kang to grow crops like cai xin and xiao bai cai. The size of the micro-farm, for instance, can be customised depending on the needs of the farmers, said Sky Urban Solutions project executive Norman Koh. As the base is made up of the freight containers, the footprint of the entire operations is customisable to size requirements. Other than for housing fish tanks, the freight containers can also be used for other purposes, such as rooms for cold storage or processing, farm stays or meeting rooms for offsite business meetings, Mr Koh added. The system is also designed to be sustainable. The solar panels on the roof will be able to power the entire farm operations, said Mr Koh. The low-energy consumption of the farm is due in part to a hydraulic pump system that leverages gravity to run some of its farm processes. One basketball-court sized micro farm system, which includes a greenhouse as well as tanks for fish and prawns, will cost about US$300,000 (S$403,000), said Mr Jack Ng, chief executive of Sky Urban Solutions. His Lim Chu Kang farm, which has an output of 1 tonne of vegetables a month, is already exporting its vertical farming system to six countries including Thailand and Canada. On Tuesday, it signified its intention to venture farther afield by inking two agreements with institutions in India, China and Malaysia, which could involve collaboration such as jointly developing new farms in target markets or supporting farming technology. Speaking to reporters, Mr Chan said that Singapore, with the constraints it faces in terms of land, water, energy and manpower, is a microcosm of the rest of the world. Sky Urban Solution’s new micro-farm While food security has been a perennial concern in Singapore and worldwide, he said the Covid-19 pandemic accentuated the issue and made people more aware of it. "That provides us with an opportunity to see how we can compete in this sector," Mr Chan added. More on this topic Related Story Turning to local production and leveraging technology to ensure S'pore's food security Related Story Firms with eco-friendly proposals awarded tenders to run farms in Sungei Tengah, Lim Chu Kang
SINGAPORE - High-rise living is not just for humans in Singapore. An eight-storey fish farm - the tallest in Singapore and the region - is slated to start operations in the first quarter of this year. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.
Some $60 million will be set aside for a new fund to help farmers better harness technology in local food production, Deputy Prime Minister Heng Swee Keat said yesterday. "Technology is a game changer and will open new possibilities. We harnessed technology to overcome our water and land constraints, and will do the same for climate change," he said. The symptoms of climate change include more frequent extreme weather events, which could disrupt global supply chains and threaten global food production. But the use of technology could cushion the agriculture sector from erratic rainfall patterns and climbing temperatures. The new fund, called the Agri-Food Cluster Transformation Fund, will replace the existing Agriculture Productivity Fund, said Mr Heng, who is also the Finance Minister. The Agriculture Productivity Fund is administered by the Singapore Food Agency and was set up in 2014 to help farmers boost yields and increase production capabilities. More details on the new fund will be announced by the Ministry of Sustainability and the Environment (MSE) during the debate on its budget, said Mr Heng. The Singapore Food Agency is an agency under MSE. In his speech, Mr Heng cited Eco-Ark, a high-tech fish farm off the Changi coast. Eco-Ark is a floating fish farm built by the Aquaculture Centre of Excellence with funding support from the Agriculture Productivity Fund. "With advanced aquaculture technologies, Eco-Ark is able to produce 20 times more output than the average in coastal fish farms. This improves our food resilience, as part of the 30-by-30 goal," Mr Heng said. This 30-by-30 goal refers to Singapore's target of producing 30 per cent of its nutritional needs through locally farmed food by 2030 - up from less than 10 per cent today. 166 tonnes Amount of fish a year the high-tech fish farm off the Changi coast is able to produce - about 20 times more than the minimum level set for coastal fish farms in Singapore. The offshore farm, with a total capacity of 96 tonnes, is able to produce 166 tonnes of fish a year - about 20 times more than the minimum level set for coastal fish farms in Singapore. Unlike a typical kelong where fish are reared in open-net cage-farming systems exposed to the open sea, the fish at the Eco-Ark swim in tanks isolated from the currents. This means the fish - which include species such as barramundi, red snapper fingerlings and groupers - are safe from threats of open-cage farming, such as oil spills as well as plankton blooms, which, by depleting water of oxygen, caused massive fish deaths in 2014 and 2015. Noting that sustainability is a journey, not a destination, and that technology would advance over time, Mr Heng said: "Costs and benefits of projects will change, as climate cost is factored in and as technology advances. PIONEER LEADERS LAID FOUNDATION Sustainable development is a major priority for Singapore. This is not new to us. Our earlier generations of leaders laid the foundations of long-term planning and sustainable development. Mr Lee Kuan Yew emphasised the building of a Garden City in our early years, and transformed Singapore from a polluted backwater with mucky rivers in 1965, to one of the cleanest and greenest cities in the world today. DPM AND FINANCE MINISTER HENG SWEE KEAT ECO-ARK "We must continue to stay open and adaptive, and carefully balance our development objectives with sustainability considerations." Professor William Chen, the Michael Fam Chair professor in food science and technology at Nanyang Technological University, said that while government funding support was important in getting farmers to adopt technology, other factors - such as consumers' receptivity to local produce - were also crucial. But he added that the renaming of the fund to include agri-food instead of just agriculture could mean that less conventional types of technology, such as farming insects for food, or cultivating meat in bioreactors, could be eligible for funding. "This much broader scope is better aligned with Singapore's 30 by 30 goal. Taken together, we should see more food sources for greater food security in Singapore," he said.
SINGAPORE - Seven Myanmar nationals suspected of working illegally at a farm in Lim Chu Kang have been arrested. The seven, all men, were found sleeping in six makeshift shelters on the vegetable farm in Sungei Tengah Road during a joint operation by the Immigration and Checkpoints Authority (ICA) and the Singapore Police Force on Monday (Nov 9). In a statement on Thursday, the ICA said that during preliminary investigations, the men, aged between 30 and 42, admitted that they had been staying in Singapore without valid immigration passes and had been working on the farm without valid work passes. The authorities are still investigating. The ICA warned that those who overstay in Singapore face a jail term of up to six months and a minimum of three strokes of the cane. It added that it takes a firm stance against any person who employs immigration offenders. Anyone found guilty of employing an immigration offender is liable to be punished with imprisonment for a term of at least six months and up to two years, and a fine of up to$6,000. The ICA said: "Singaporeans and home owners are reminded to exercise due diligence in checking the status of foreigners before offering them employment or renting out their premises." It added that immigration offenders would not find Singapore attractive "without the prospect of illegal employment or shelter".