19 12 月, 2022

Music Licensing, Inc.（场外交易市场OTC代码：SONG）宣布投资者的重大更新：211 表备案、潜在的远期股票拆分或股息以及在纳斯达克上市的计划

NAPLES, FL, Dec 19, 2022 - (亚太商讯 via SEAPRWire.com) - Music Licensing, Inc.（场外交易市场OTC代码：SONG）是全球最大的音乐许可公司之一，Pro Music Rights 的所有者，很高兴地宣布已向 FINRA 提交新的 211 表，以恢复其专有报价资格。该公司现在正在等待 FINRA 处理该申请，并有信心完全恢复其资格。此外，一旦 FINRA 处理了新的 211 表，Music Licensing, Inc.（场外交易市场OTC代码：SONG）正在探索远期股票分割或基于股票的股息。该公司正在考虑 1:5 远期股票分割以增加流动性、收紧买卖差价，并增加交易量。它还正在探索以与当前类别具有相同权利的新类别普通股的形式向股东派发股息的可能性。 Music Licensing, Inc.（场外交易市场代码：SONG）计划向 FINRA 提交另一份 211 表，以允许两类普通股公开交易。Music Licensing, Inc.（场外交易市场OTC代码：SONG）一直在与纳斯达克位于瑞典的 First North Growth Market 就在该交易所上市进行沟通。 2022年12月15日，公司欧洲资本市场上市顾问DCM Asesores与纳斯达克First North Growth Market通话，成为认证顾问。 DCM Asesores 预计将接受培训，在 2023 年 2 月中下旬之前成为一名认证顾问，并指导 Music Licensing, Inc.（场外交易代码：SONG）完成在纳斯达克 First North Growth Market 的上市程序。纳斯达克已经确认保留代号 NASDAQ: MUSIC for Music Licensing, Inc. (OTC: SONG) 的上市。在其他新闻中，Music Licensing, Inc.（场外交易市场OTC代码：SONG）正在与其法律顾问合作，收集对 Ayujoy Herbals（场外交易市场代码：AJOY）的胜诉判决，并预计将收到 Pro Music 向 FINRA 提交的仲裁投诉的回复 Rights 和 Jake P. Noch 家族办公室在 2023 年 1 月 6 日之前向 OTC Link LLC 寻求 386,574,108.25 美元加上利息和费用。关于 Pro Music Rights, Inc. (ProMusicRights.com)Pro Music Rights 是美国有史以来成立的第五个公共表演权组织 (PRO)。它的被许可方包括 TikTok、iHeart Media、Triller、Napster、7Digital、Vevo 等数百家知名公司。 Pro Music Rights 在美国控制着 7.4% 的估计市场份额，代表超过 2,500,000 件作品，其中包括 A$AP Rocky、Wiz Khalifa、Pharrell、Young Jeezy、Juelz Santana、Lil Yachty、MoneyBaggYo、Larry June、 Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz、Migos、Gucci Mane、Young Dolph、Trinidad James、Fall Out Boy 以及无数其他人。如需更多信息，请访问 promusicrights.com。本新闻稿包含经修订的 1933 年证券法第 27A 条和 1934 年证券交易法第 21E 条含义内的某些前瞻性陈述，这些陈述旨在涵盖由此产生的安全港。请投资者注意，所有前瞻性陈述都涉及风险和不确定性，包括但不限于 Music Licensing, Inc. 和 Pro Music Rights, Inc. 完成其既定业务计划的能力。 Music Licensing, Inc. & Pro Music Rights, Inc. 认为此处包含的前瞻性陈述所依据的假设是合理的，任何假设都可能不准确，因此无法保证前瞻性陈述包含在本新闻稿中将被证明是准确的。鉴于此处包含的前瞻性陈述中固有的重大不确定性，包含此类信息不应被视为 Pro Music Rights, Inc.、Music Licensing, Inc. 或任何其他人的陈述。联系人：investors@ProMusicRights.com来源: Music Licensing, Inc Copyright 2022 亚太商讯. All rights reserved. (via SEAPRWire)

19 12 月, 2022

Indonesian new criminal code respects privacy, human rights

JAKARTA, Dec 19, 2022 - (ACN Newswire via SEAPRWire.com) - Indonesia clarifies that the New Criminal Code was drafted carefully and obeys Human Rights aspects, following the emergence of reactions related to the ratification of the code.Deputy Minister of Law and Human Rights Edward Omar Sharif Hiariej on Friday stated the criminal code was drafted carefully by paying attention to the balance of the interests of individuals, the state, and the public and by taking into account Indonesia's multi-ethnic, multi-religious, and multi-cultural condition.Some of the articles criticized by the public include those related to privacy, freedoms of the press, and human rights. One of the issues is regarding the adultery and cohabitation articles in the code.Hiariej clarified that the adultery and cohabitation articles are complaint-based. Thus, the perpetrator should only be prosecuted on the basis of a complaint, which can only be made by their spouse (for those who are married) or parents or children (for those who are not married).The articles, he says, are aimed at protecting people from acts of arbitrariness. "When these articles are regulated in the criminal code, there would definitely be no raids," he added.Additionally, the Spokesman of the Dissemination Team of the New Criminal Code, Albert Aries, clarified the criminal code has never given additional administrative requirements for tourism players to question people about their marital status. Aries affirmed that people's privacy is still guaranteed by law in Indonesia, of course, without reducing respect for the values that the country holds.A criminologist from the University of Indonesia, Adrianus Meliala, expressed optimism that the implementation of the cohabitation article will not violate human rights since it is complaint-based. He said that law enforcement officers must face the discourse with real actions.Apart from adultery and cohabitation, freedom of expression and freedom of the press are among the issues that have been addressed.Regarding freedom of expression, deputy minister Hiariej stated that the new criminal code made a clear distinction between critics and defamation. He explained that critics should not be criminalized as they are in the interest of the public in a democratic society, while defamation is deemed a criminal act in any country. He further said that the freedom of the press is also ensured as the criminal code adopted one of the provisions of the Law on the Press, which states that critics are a form of supervision or public scrutiny.The spokesman Aries affirmed that the criminal code is in accordance with human rights. "It is not true to say that the Indonesian Criminal Code is inconsistent with human rights," he stated. The criminal code, says Aries, regulates everything by paying attention to the balance between human rights and human obligations.In order to pay respect to the general law principles that apply universally, the criminal code adopts the substance of the Convention for the Protection of Human Rights and Fundamental Freedoms (Treaty of Rome 1950). The code also adopts the International Covenant on Civil and Political Rights (the New York Convention, 1966), and the Convention against Torture and other Cruel, Inhuman or Degrading Treatment or Punishment, December 10, 1984.Written by: Raka Adji, Editor: Rahmad Nasution (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

7 3 月, 2022

The Place Holdings Signs MOU to Acquire 51% of IP Rights Associated with Property Landmark, THE PLACE, and Iconic Attraction, Shimao Tianjie Sky Screen, in Beijing

Singapore, Mar 7, 2022 - (ACN Newswire via SEAPRWire.com) - SGX mainboard-listed company, The Place Holdings Limited ("The Place Holdings", the "Company" and together with its subsidiaries, the "Group"), is pleased to announce that it has entered into a non-binding Memorandum of Understanding ("MOU") to acquire a 51% stake in two entities which hold the IP Rights of design patent and certain trademarks that are related to property landmark, THE PLACE, in Beijing as well as certain assets and businesses relating to the iconic attraction, Shimao Tianjie Sky Screen, in Beijing.Highlights:- The first acquisition relates to the intellectual Property Rights ("IP Rights") of design patent and certain trademarks that are used for the operations and management of the Sky Screen and real estate properties associated with the property landmark, THE PLACE ("THE PLACE"), in Beijing- The recurring royalty income of the IP Rights are derived from the operation and management of the Shimao Tianjie Sky Screen and the usage of IP Rights in relation to the real estate properties associated with THE PLACE mall- The second acquisition relates to the acquisition of certain assets and businesses relating to the Shimao Tianjie Sky Screen that are expected to generate operating revenue- Shimao Tianjie Sky Screen ("Shimao Tianjie Sky Screen") is one of the largest sky screens in Asia, comprising 7,500 sqm of LED lights that is located next to THE PLACE- Pioneering new experiential marketing experiences, Shimao Tianjie Sky Screen continues to be a popular venue and platform for various events, advertisements and media- Both the IP Rights and Shimao Tianjie Sky Screen are income-generative businesses and they are expected to strengthen the financial performance of the Group- There are also various opportunities to leverage on the IP Rights and technological features of Shimao Tianjie Sky Screen to develop new business propositions related to the digital economy (such as gamification, NFTs, Metaverse) and create new revenue streamsMore information on THE PLACE and Shimao Tianjie Sky Screen can be accessed at https://www.theplacebeijing.com. After the completion of the Proposed Acquisitions, the Group is expected to receive recurring royalty income from the licensing of the IP Rights for the use in the operation and management of Shimao Tianjie Sky Screen and the real estate properties associated with THE PLACE, which is a mixed-use development built in 2006, comprising two top-tier office buildings and a high-end shopping retail mall, located at No. 9 Guanghua Road, Chaoyang District, Beijing, the heart of Beijing's Central Business District (CBD). In addition, the Group will also generate operating revenue from the operation of the Shimao Tianjie Sky Screen.Shimao Tianjie Sky Screen is one of the largest sky screens in Asia with 7,500 sqm of LED lights across a space of 250m long and 30m wide, offering a spectacular light show experience with high-resolution imagery and state-of-the-art, immersive sound systems as well as technological features that enable interactivity.Pioneering new experiential marketing experiences, Shimao Tianjie Sky Screen has established a strong brand and continues to be a popular venue and platform for various events, advertisements and media.Developed by Beijing Aozhong Xingye Real Estate Development Co., Ltd, THE PLACE and Shimao Tianjie Sky Screen have quickly become a property landmark and iconic attraction in Beijing since it was unveiled to the public in September 2007.Both the IP Rights and Shimao Tianjie Sky Screen are income-generative businesses and the proposed acquisitions are expected to strengthen the Group's cash flow and financial performance.With a scalable asset-light model that can be replicated across various countries, there are also various opportunities to utilise the IP Rights and technological features of Shimao Tianjie Sky Screen to potentially develop new business propositions related to the digital economy (such as gamification, NFTs, Metaverse) and create new revenue streams.Mr Ji Zenghe, Executive Chairman of The Place Holdings, said, "With THE PLACE and Shimao Tianjie Sky Screen having been in operations for more than 15 years, the proposed acquisitions represent direct access to a well-known property landmark and iconic attraction that are both cash-flow generative and profitable.The revenue streams from both acquisitions can strengthen our financial performance and enhance our business agility to pursue new growth initiatives.Based on the proven operating models of the underlying assets, the Group can adopt an asset- light business approach to pursue various collaborations and opportunities across various countries in Asia.In addition, with evolving consumer behaviors in lifestyle and business activities, we believe that there are various opportunities to leverage on the IP Rights and technological features of Shimao Tianjie Sky Screen to push the boundaries of digital innovation and develop new business propositions related to the digital economy."Contact:Mr. Alex TAN Mobile: +65 9451 5252Email: alex.tan@8prasia.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

22 2 月, 2022

Cricket: Giants to battle for rights to the IPL, a pot worth $6.73 billion

14 2 月, 2022

Quantum FOMM Acquires FOMM One Rights for Japan, Thailand and Global Market Expansion

Tokyo, Japan, Feb 14, 2022 - (ACN Newswire via SEAPRWire.com) - Quantum FOMM Limited ("QF"), a subsidiary of Quantum Solutions ("Quantum") and a joint venture with FOMM Corporation ("FOMM"), announced on 31 January 2022 that it has entered into a Framework Agreement ("Agreement") with FOMM for the manufacturing and distribution of FOMM One, FOMM's first electric vehicle model and one of Japan's few approved EV kei car on the road today. This Agreement solidifies Quantum's entry into the EV sector, laying the groundwork to become a leader in quality, affordable, micro-EV.Through this Agreement, FOMM grants QF the exclusive licensing rights for the manufacturing and sales of FOMM One, along with all necessary intellectual property rights, in the countries and regions of China (including Hong Kong, Macau and Taiwan), Malaysia, Singapore, Indonesia, and Latin America. In FOMM One's existing markets of Japan and Thailand, QF will partner with existing dealers for distribution of the vehicles.Based in Kanagawa Prefecture, FOMM was founded in 2013 by a team of auto engineers who had previously developed electric vehicles at Suzuki Motor Corporation. Over the years, FOMM developed its first micro, electric four-seater kei car model, FOMM One, to cater to the specific needs of the Japanese market.Specifically, in Japan, kei means "light", and these vehicles are known for their affordability and small engines. The category makes up about a third of new domestic automobile sales annually, as the vehicles are a popular means of transportation especially in rural areas, where public transport systems are sparse and roads are narrow. While FOMM One is geared towards general consumers in the kei car category, demand is also expected from local governments, commercial businesses such as logistics company, ride-shares and more. As the Japanese government pledges to decarbonize Japan by 2050 with plans to ban the sale of new gasoline-only vehicles by mid-2030's, FOMM One is well positioned for market share growth in the Japanese car market.Beyond Japan, Quantum and QF plans to expand its footprint to select ASEAN and Latin America cities where national and local governments are embracing affordable and sustainable mobility solutions in unprecedented ways. Compensation of such rights is 200 million JPY, as announced in the "Notification for Change in Use of Funds from 8th Series of Stock Acquisition Rights." Quantum plans to raise 175 million JPY through the Series 8 Stock Acquisition Rights and allocate the remaining 25 million JPY from cash on hand. About Quantum Solutions Limited (2338.T)Quantum Solutions is a Tokyo Stock Exchange listed company engaged in the EV sector.About Quantum FOMM LimitedIncorporated in Hong Kong, Quantum FOMM is a subsidiary of Quantum Solutions and a joint venture with FOMM Corporation. The joint venture is designated for EV business of Quantum.About FOMM CorporationBased in Kanagawa prefecture of Japan and established in 2013, FOMM is an R&D and design-oriented mobility company specializing in planning and developing compact mobility using innovative designs and technologies. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

15 11 月, 2021

Yuexiu REIT Proposes to Acquire Landmark Building Yuexiu Financial Tower in the Core District of Guangzhou Zhu Jiang New Town CBD

HONG KONG, Nov 15, 2021 - (ACN Newswire via SEAPRWire.com) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, is referred to as the "Fund", HKEX stock code: 00405) announced on 24 October 2021 that, it has proposed to acquire, from Yuexiu Property Company Limited ("Yuexiu Property", HKEX stock code: 00123), Yuexiu Financial Tower, located in the core district of Guangzhou Tianhe District Central Business District ("CBD"), Zhu Jiang New Town ("ZJNT"). The Circular has been published on the website of the Hong Kong Stock Exchange and despatched to unitholders today.Mr. Lin Deliang, Chairman, Executive Director and CEO of Yuexiu REIT, Ms. OU Haijing, Deputy CEO of Yuexiu REITYuexiu Financial Tower Yuexiu Financial Tower Transaction Highlights:-- On 24 October 2021, Yuexiu REIT announced that it proposed to acquire Yuexiu Financial Tower from Yuexiu Property (HKEX stock code: 00123) at a consideration of approximately RMB7,800 million. The Circular is despatched on 13 November 2021.-- Proposed to fund the acquisition consideration by three ways: (i) approximately HKD992 million shall be paid from internal resources; (ii) approximately HKD3,919 million shall be paid from the net proceeds of the rights issue; (iii) up to HKD4,600 million shall be paid from amounts drawn down under the New Bank Facility.-- Rights Issue Plan: to raise the net proceed of approximately HKD3,919 million (net proceeds to be raised after expenses) on the basis of 37 rights issue units for every 100 existing units by issuing up to1,234.4 million rights issue units at the price of HKD3.20 per rights issue unit.-- Special Distribution: upon completion of the acquisition, the Manager intends to declare a special distribution to unitholders whose names appear on the register of unitholders as at the special distribution record date (being 9 December 2021), the amount of the special distribution being approximately RMB85 million, or RMB0.0255 per unit.-- Extraordinary general meeting for unitholders will be held in Novotel Century Hong Kong on 6 December 2021 at 10:30am.Acquisition Highlights:-- Yuexiu Financial Tower, located in the core district of Guangzhou Zhu Jiang New Town CBD, is an approximately 309-metres tall, scarce landmark building. It is one of the ten tallest skyscrapers in Guangzhou, with superior connectivity and accessibility to the several existing and under construction metro lines and automated people mover system. This acquisition will facilitate Yuexiu REIT to be the largest by valuation among the PRC portfolio owned by Hong Kong and Singapore listed REITs.-- Upon the completion of acquisition and reverse merger, it would result in an increase of DPU by approximately 3.4% and an increase of DPU Yield from 6.68% to 7.16%.-- The transaction price of Yuexiu Financial Tower is only RMB45,829/m2, which is significantly lower than the transaction price of RMB61,500/m2 of the recent comparable transaction of "Zhuguang Tancun project", this implies a potential for capital appreciation and valuation enhancement of Yuexiu REIT's portfolio.-- This top-tier international Grade A office project has won two Platinum Certification green building awards from LEED and WELL, with its strategic location and advanced facilities, attracted many high-quality tenants across various industries, including 14 Fortune Global 500 enterprises. This property achieved stable operating performance under COVID-19 pandemic, it achieved an average occupancy rate of 92.5% for the 9 months ended 30 September 2021.-- The pro forma revenue generated by Yuexiu Financial Tower for the six months ended 30 June 2021, would increase Yuexiu REIT's portfolio revenue by approximately 24% for the same period. This property was completed in 2015, and is entering into its second leasing cycle, which implies that the rent has further potential room for adjustment. The scarcity of office space in the core district of Zhu Jiang New Town, added with the robust economic growth brought by the relevant policies of Greater Bay Area and One Belt One Road, will fuel the growth of this property.-- This acquisition will reduce Yuexiu REIT's reliance from Guangzhou International Finance Center ("Guangzhou IFC"), the contribution from Guangzhou IFC to Yuexiu REIT's total portfolio in terms of property valuation is expected to reduce from approximately 54% to approximately 44%, it may create potential synergies and cross promotional opportunities between Guangzhou IFC and the property, which are in proximity to each other. -- This acquisition will increase the market capitalisation of Yuexiu REIT and enhance the overall liquidity of the fund units, and financing capability of Yuexiu REIT in the open capital market.-- The proportion of gross floor area of office properties in Yuexiu REIT's portfolio will increase from 68% to 73%, while the average age of the properties in its portfolio will reduce from14.2 years to 13.4 years.This acquisition is subject to approval by the independent unitholders at the extraordinary general meeting which will be held in Novotel Century Hong Kong on 6 December 2021 at 10:30am. Upon completion of the acquisition, Yuexiu REIT is expected to be the largest by valuation among the PRC portfolio owned by Hong Kong and Singapore listed REITs.Mr. Lin Deliang, Chairman, Executive Director and CEO of Yuexiu REIT, said, "Yuexiu Financial Tower is a top-tier international Grade A office building. With such structure being scarce in the core district of Guangzhou ZJNT CBD, this acquisition can add an important landmark asset to Yuexiu REIT. This acquisition allows us to capture Greater Bay Area and Guangzhou's robust economic fundamentals and growing commercial property market, optimize and enlarge Yuexiu REIT's property portfolio, and generate a long-term and stable source of income. Upon completion of the acquisition, Yuexiu REIT is expected to increase its pro forma distribution per unit ("DPU") by approximately 3.4%. We also intend to declare a special distribution of approximately RMB0.0255 per unit."The acquisition and the rights issue will bring positive pro forma financial effects for the 6 months ended 30 June 2021:Before completion of the Acquisition and the Rights Issue / After completion of the Acquisition and the Rights Issue but before the completion of the Reverse Merger / After completion of the Acquisition, the Rights Issue and the Reverse MergerDistributable Income (RMB'000) 340,221 471,500 483,186Issued Fund Units ('000) 3,336,224 4,579,505 4,579,505DPU (RMB) 0.1020 0.1030 0.1055DPU Yield 6.68% 6.99% 7.16%The above table illustrates the pro forma financial effects of the acquisition and the rights issue on the DPU and DPU Yield for the 6 months ended 30 June 2021 based on the unaudited pro forma financial information of the enlarged group as set out in Appendix 4 to the Circular, as if: (i) the acquisition and the rights issue were all completed on 1 January 2021 and Yuexiu REIT had held and operated the property through to 30 June 2021 under the holding structure set out in section 4.2 headed "Holding Structure of the Property and Reverse Merger - Expected holding structure of the Property as at the Acquisition Completion Date" in the Circular, but the reverse merger does not complete during such period; and (ii) in addition to (i), the reverse merger was completed on 1 January 2021 and Yuexiu REIT therefore alternatively held and operated the property through to 30 June 2021 under the holding structure set out in section 4.3 headed "Holding Structure of the Property and Reverse Merger - Reverse Merger" in the Circular.The pro forma revenue generated by Yuexiu Financial Tower for the six months ended 30 June 2021, would increase Yuexiu REIT's portfolio revenue by 24% for the same period. Also, the transaction price of Yuexiu Financial Tower is only RMB45,829 per square metre, which is significantly lower than the transaction price of RMB61,500 per square metre of the recent comparable transaction of "Zhuguang Tancun project", this implies a potential for capital appreciation and valuation enhancement of Yuexiu REIT's portfolio. The proportion of gross floor area of office properties, which performance appears to be more stable during the COVID-19 pandemic in Yuexiu REIT's portfolio will also increase from 68% to 73%, while the average age of the properties in its portfolio will reduce from 14.2 years to13.4 years.Yuexiu Financial Tower, the proposed acquistion target, is an international Grade A office building, which is one of the ten tallest skyscrapers in Guangzhou, located in the core district of ZJNT CBD, and is also the only Guangzhou office building having a helipad with established helicopter routes connecting Guangzhou, Shenzhen and Zhuhai. Located in No. 28, Zhujiang East Avenue, Tianhe District in Guangzhou, it has a total gross floor area of 210,282.94 square metres and comprises a 68-storey above-ground commercial office building (comprising a 4-storey retail component and a 64-storey office component) and a 4-storey basement of 827 underground carpark spaces. It is located in a strategic transportation hub with convenient transportation and adjacent to several major subway lines. Currently, it has attracted many high-quality local and international company tenants across various industries, including finance, business services, property, information technology and manufacturing, as well as 14 Fortune Global 500 enterprises. Moreover, it achieved an average occupancy rate of 92.5% for the 9 months ended 30 September 2021.As at 30 September 2021, the rent for the office component of Yuexiu Financial Tower was approximately RMB199.3 per square metre per month. The average rent of comparable international Grade A office buildings in the same district was RMB218 per square metre per month in the second quarter of 2021. According to the market consultant report, the rental rate of international Grade A office space in the core area of ZJNT is expected to steadily grow at 3.2% to 4.4% between 2022 to 2025, mainly due to the scarcity of office space in the area in the next four years. In that time, ZJNT will be the first choice for financial services companies and high-end services companies in the leasing market, and ZJNT is expected to enjoy the best lease performance.Yuexiu Financial Tower and Yuexiu REIT's Guangzhou International Finance Center are in close proximity to each other, which enables the realization of various synergies. Upon completion of the acquisition, the greater portfolio size will create a stronger platform to attract well-established domestic and multinational corporations (including Fortune Global 500 enterprises and China's Top 500 Enterprises), spread operating costs over a larger portfolio, and achieve greater operating synergies resulting from the economies of scale. The agreed acquisition amount is approximately RMB7,800 million. The Manager intends to fund the acquisition consideration in the following manner: (i) approximately HKD992 million (equivalent to approximately RMB826 million) shall be paid from internal resources of Yuexiu REIT; (ii) approximately HKD3,919 million (equivalent to approximately RMB3,261 million) shall be paid from the net proceeds of the rights issue; (iii) up to HKD4,600 million (equivalent to approximately RMB3,828 million) shall be paid from amounts drawn down under the New Bank Facility. For this financing plan, Yuexiu REIT adopts a mixed financing structure (financed by both debt and equity), in line with the interests of the unitholders, on one hand this can effectively control the Fund's gearing ratio after the acquisition, on the other hand rights issue enables unitholders to have equal opportunities to tap on the Fund's growth, and meanwhile to increase the market capitalisation and enhance the overall liquidity of the fund units, broaden the unitholder base of Yuexiu REIT.For the rights issue plan, Yuexiu REIT proposes to raise approximately HKD3,919 million (net proceeds to be raised after expenses) on the basis of 37 rights issue units for every 100 existing units by issuing up to 1,234.4 million rights issue units at the price of HKD3.20 per rights issue unit.On 24 October 2021, the Manager and the Placing Agents (including DBS Asia Capital Limited, BOCI Asia Limited, China International Capital Corporation Hong Kong Securities Limited, Haitong International Securities Company Limited, and Yue Xiu Securities Company Limited) entered into the Placing Agreement with a maximum of 730,822,457 placing units, which the placing price shall be not less than the rights issue subscription price. Yuexiu Property and Yuexiu REIT are committed to a long-term strategy of fostering growth through an interactive capital recycling model. Where Yuexiu Property serves as the platform for the development and incubation of quality commercial investment properties, Yuexiu REIT will evaluate the benefits to determine whether to acquire such investment properties to expand and optimize the property portfolio. Through this model, Yuexiu REIT has successively acquired many high-quality commercial properties developed by Yuexiu Property, such as Guangzhou IFC (2012), Wuhan Property (2017) and Hangzhou Property (2018).Upon completion of the acquisition, the gearing ratio is expected to increase from 38.8% as at 30 June 2021 to 41.0%.Upon completion of the acquisition, the Manager intends to declare a special distribution to unitholders whose names appear on the register of unitholders as at the special distribution record date (being 9 December 2021), the amount of the special distribution being approximately RMB85 million, or RMB0.0255 per unit. The special distribution will be declared and paid within 30 business days after the completion of the acquisition.For further details, please refer to the Circular made by Yuexiu REIT on12 November 2021.About Yuexiu REITYuexiu Real Estate Investment Trust ("Yuexiu REIT", HKEX stock code: 00405) was listed on the Stock Exchange of Hong Kong Limited on 21 December 2005. It is the first listed real estate investment trust in the world investing in properties on the mainland of the People's Republic of China. Yuexiu REIT's property portfolio consists of eight high-quality properties including Guangzhou International Finance Center, White Horse Building, Fortune Plaza, City Development Plaza, Victory Plaza, Shanghai Yue Xiu Tower, and Wuhan Properties (including "Wuhan Yuexiu Fortune Centre", "Starry Victoria Shopping Centre" and certain Carpark Spaces) and Hangzhou Victory, with a total area of ownership of approximately 973,000 square metres.Expected Timetable for the Acquisition and the Rights Issue:Event / Date and TimeDespatch of the Circular with notice and form of proxy for the EGM / Saturday, 13 November 2021Latest date and time for lodging transfer documents of Units to qualify for the attendance and voting at the EGM / 4:30 p.m. on Monday, 29 November 2021Closure of register of Unitholders / Tuesday, 30 November 2021 to Monday, 6 December 2021 (both days inclusive)Latest date and time for lodging proxy forms for the EGM / 10:30 a.m. on Saturday, 4 December 2021 EGM Record Date / Monday, 6 December 2021Expected date and time of the EGM; and Announcement of poll results of the EGM / 10:30 a.m. on Monday, 6 December 2021 Register of Unitholders re-opens / Tuesday, 7 December 2021If the approvals sought at the EGM are obtained:Last day of dealings in the Units on a cum-entitlement basis relating to the Special Distribution / Tuesday, 7 December 2021Commencement of dealings in the Units on an ex-entitlement basis relating to the Special Distribution / Wednesday, 8 December 2021Last day of dealings in the Units on a cum-rights basis relating to the Rights Issue / Thursday, 9 December 2021Latest date and time for the Unitholders to lodge transfer documents of Units to qualify for the Special Distribution / 4:30 p.m. on Thursday, 9 December 2021Special Distribution Record Date / Thursday, 9 December 2021Commencement of dealings in the Units on an ex-rights basis relating to the Rights Issue / Friday, 10 December 2021Latest date and time for the Unitholders to lodge transfer documents of Units in order to qualify for the Rights Issue / 4:30 p.m. on Monday, 13 December 2021Closure of register of Unitholders for determination of entitlements to the Rights Issue / Tuesday, 14 December 2021 to Thursday, 16 December 2021 (both days inclusive)Rights Issue Record Date / Thursday, 16 December 2021Register of Unitholders re-opens / Friday, 17 December 2021Despatch date of the Rights Issue Offering Documents (in the case of the Rights Issue Non-Qualifying Unitholders, the Rights Issue Offering Circular only) / Friday, 17 December 2021First day of dealings in nil-paid Rights Issue Units / Tuesday, 21 December 2021Latest date and time for splitting nil-paid Rights Issue Units / 4:30 p.m. on Tuesday, 28 December 2021Last day of dealings in nil-paid Rights Issue Units / Friday, 31 December 2021Latest date and time for acceptance and payment for Rights Issue Units (being the Latest Time for Acceptance) / 4:30 p.m. on Wednesday, 5 January 2022Latest date and time for the termination of the Placing Agreement and for the Rights Issue to become unconditional / 4:00 p.m. on Thursday, 6 January 2022Announcement of the number of Placing Units / Friday, 7 January 2022Commencement and latest date and time for placing of Placing Units by the Placing Agents / Monday, 10 January 2022 to 4:00 p.m. on Tuesday, 18 January 2022Announcement of allotment results of the Rights Issue (including results of placing of Placing Units) / Wednesday, 19 January 2022Latest date for dispatching refund cheques (if the Rights Issue does not become unconditional) / Tuesday, 25 January 2022Latest date for dispatching certificates for fully paid Rights Issue Units and completion of placing of Placing Units to take place on or around (if the Rights Issue becomes unconditional) / Tuesday, 25 January 2022Commencement of dealings in fully-paid Rights Issue Units including any Placing Units / Wednesday, 26 January 2022 at 9:00 a.m. Acquisition Completion / Expected to be any date after the Rights Issue Offering Circular Despatch Date (but no later than 10 Business Days after the fulfilment and/or waiver (where applicable) of the conditions of Acquisition Completion, or such other date agreed by the relevant parties in writing)Declaration and payment of Special Distribution / Within 30 Business Days after Acquisition CompletionThis press release refers to the circular published by Yuexiu REIT dated 12 November 2021 in relation to the proposed acquisition of Yuexiu Financial Tower (the "Circular"). Unless defined otherwise, capitalized terms in this letter shall have the same respective meanings as defined in the Circular Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

8 2 月, 2021

Migrant study finds link between pay and protections

SINGAPORE - Migrant workers here have more rights and access to social services, such as healthcare, than in places like Thailand and Kuwait, where the workers are largely employed in low-skilled jobs. However, these rights and protections are less comprehensive when compared with places like New Zealand and Hong Kong, which have supposedly higher skill requirements for such workers, a research project by The Majurity Trust and LEAP201 has found. 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.