EQS Newswire / 02/09/2024 / 10:23 UTC+8 After a company is listed on the stock exchange, it is merely a newcomer in the capital markets. Future success depends not only on its own efforts but also on the collaboration of various professional teams leveraging their strengths to shine in the stock market. RaffAello Securities (HK) Limited, known as a designated placing agent for tycoons, has become the intermediary that enterprises most desire to partner with for financing and strategic partnerships. Recently, the name of RaffAello has grown beyond Hong Kong, reaching the affluent circles in mainland China, with Ziyuanyuan Holdings Group Limited (ZYY) (HKSE: 8223) expressed their confidence in RaffAello. Shenzhen Ziyuanyuan Investment Group Co., Ltd. is a comprehensive investment holding group headquartered in Shenzhen, China. The core business of the group is real estate development, with diversified interests in property investment, financial technology, and other sectors. ZYY, a listed company in Hong Kong, operates in the medical equipment and supplies sector, representing just the tip of the iceberg of the group's overall business. Earlier, ZYY announced a proposed rights issue of 5-for-1, aiming to issue up to 86 million rights shares, which would represent approximately 16.67% of the enlarged share capital. The total proceeds are expected to be around HKD 86 million, with a net amount of approximately HKD 79.5 million intended for financing lease services for medical equipment, trading of medical devices and consumables, and general working capital. RaffAello Securities (HK) Ltd. serves as the underwriter for the rights issue. RaffAello works to enhance the visibility of major corporate branches in the secondary market, often attracting the attention of star funds and family offices, facilitating strong partnerships that result in a win-win situation for all parties involved. Numerous examples abound. A recent case is China Wantian Holdings (HKSE: 1854), whose chairman, Hooy Kok Wai, is the vice chairman of Perfect Group in China. Wantian serves as its flagship publicly listed entity in Hong Kong. After RaffAello facilitated the rights issue for China Wantian last year, the stock price surged more than threefold, becoming a notable case despite the prevailing weakness in the Hong Kong stock market. The firm subsequently attracted investments from ChinaAMC, Franklin Templeton Fund, and Lee Ka Kit of Henderson Land, making headlines in the financial community. RaffAello’s ability not only earned the trust of its clients, but it also led to being awarded the Best Small Medium Cap Broker at The Hong Kong Fund Managers Awards 2023. Additionally, RaffAello Investment Management (HK) Ltd. received the accolade for the Best Hong Kong Investment Team. These recognitions reflect the market's appreciation for RaffAello. 02/09/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
High Growth, High Dividends, High Potential: China Hongqiao (01378.HK) Achieves Leapfrog Development in H1 2024
EQS Newswire / 02/09/2024 / 10:15 UTC+8 Recently, China Hongqiao (01378.HK), a global market leader in the aluminum industry, released a remarkable interim results announcement, attracting significant market attention. China Hongqiao has demonstrated accelerated development in the first half of 2024, various performance indicators of the company showed a substantial year-on-year growth, with figures increased far exceeding those announced during the positive profit alert released by the Group in June. In particular, the company’s profit has surged by over three times, setting a historic peak. Remarkable Growth in Financial Performance and Dividends In the first half of the year, China Hongqiao achieved a revenue of RMB 73.592 billion, representing a 12.0% year-on-year increase. The net profit attributable to equity holders was RMB 9.155 billion, representing a significant increase of 272.66% year-on-year. The net profit excluding extraordinary profit and loss was RMB 10.77 billion, representing a substantial year-on-year increase of 352.68%. Basic earnings per share increased by approximately 273.0% year-on-year to RMB 0.966. In addition to the growth in revenue and net profit, China Hongqiao also saw a significant increase in gross profit and gross profit margin. In the first half of the year, the company's gross profit increased by approximately 202.1% year-on-year to RMB 17.802 billion, while the overall gross margin was about 24.2%, showing a significant increase of 15.2 percentage points compared to 9.0% in the same period last year. China Hongqiao’s rapid performance growth is driven by both increased product volume and prices, alongside a reduction in cost of key raw materials. "The average selling prices of the Group's aluminum alloy products and alumina products increased compared to the same period in 2023, at the same time, the increase in sales volume and the reduction in purchase prices of key raw materials such as coal and anode carbon blocks were also the favorable factors, thus the Group's gross profit saw a significant increase compared to the same period in 2023," said Mr. Zhang Bo, Chairman of the Board of China Hongqiao. The rising demand in the aluminum industry also contributed to the improvement in China Hongqiao's performance. As inflation continues to moderate globally, and major central banks contemplating potential rate cuts, better than expected improvements in economic performances for major countries are observed, with key growth indicators exhibiting an upward trend. In the context of a slow economic recovery, there are renewed expectations for increased demand for metals like copper and aluminum, driven by industries such as photovoltaics and electric vehicles. Additionally, the supply capacity for certain types of ore and smelting process is experiencing a periodic weaknesses, leading to a significant overall increase in the prices of non-ferrous metals, including aluminum, in the second quarter of 2024. According to Guosheng Securities, with the completion of China Hongqiao’s relocation on electrolytic aluminum production to Yunnan Province, the production cost of electrolytic aluminum is expected to reduce further. Meanwhile, aluminum prices are expected to remain high due to rigid domestic supply and the post-interest rate hike cycle. The increase in both prices and sales volume is foreseen under the expectation of the US Federal Reserve’s rate cuts and increased use of aluminium in green energy applications. All these positive factors further enhance the company’s performance elasticity. As profits surges, China Hongqiao also highly focused on delivering strong returns to its shareholders, China Hongqiao also places great emphasis on shareholders’ returns and continues to increase its dividend payout ratio. In the first half of the year, the company declared a dividend of HKD 0.59 per share, showing a year-on-year increase of 73.5%, with a dividend yield of approximately 5.72% and a payout ratio of 56%. The company's average dividend payout ratio has consistently ranked among the top tier within the industry, providing a stronger secured margin to its shareholders since it became a listed company in HKEX from 2011. Moreover, China Hongqiao currently has a strong cash flow. As at June 30, 2024, the company held approximately RMB 37.502 billion in cash and cash equivalents, which also helps ensuring the stability and flexibility of its business operations. Integrated Industry Chain Highlights Advantages with Strong Momentum for Performance Growth The significant growth in China Hongqiao's performance is not only a result of the overall improvement in industry demand but also the outcome of the company's commitment to building an integrated industry chain and continuously enhancing its internal innovation capabilities. Chairman of the Board Mr. Zhang Bo highlighted that the company is currently at a critical stage of transforming and upgrading from traditional industries, developing and expanding emerging industries, and exploring future industry layouts. During this period, China Hongqiao continued to cement its presence in the aluminum industry, further strengthening its full industry chain from bauxite, alumina, primary aluminum, aluminum deep processing, to recycled aluminum. The company has continuously deepened the conversion of new and old growth drivers, leveraging new technologies to empower sustainable development, and consistently increasing the role of “Green” in business growth. As China Hongqiao continues to enhance its industrial chain, it is also proactively expanding into international markets. The company is currently cooperating with countries and regions such as India, Europe, Malaysia, North America, and other Southeast Asian regions. The key materials for electrolytic aluminum production are alumina, electricity, and prebaked anodes. China Hongqiao has made arrangements for bauxite resources in Guinea and Indonesia while expanding its sources of raw materials from Australian bauxite, this ensures the diversification of raw material supply to reduce exposures to raw material risks. As at March 2024, China Hongqiao's project in Guinea has maintained an annualized production capacity of approximately 50 million tonnes of bauxite, with a total alumina production capacity of 19.5 million tonnes per year (including 17.5 million tonnes per year of domestic alumina production capacity and 2 million tonnes per year of Indonesian alumina production capacity). The company has become fully self-sufficient in alumina, highlighting its advantages through all-round integration. Currently, China Hongqiao's total electrolytic aluminum production capacity has reached 6.46 million tonnes per year, and the company plans to relocate a total of 3.96 million tonbes per year of capacity to Yunnan, which is expected to further reduce the overall electricity costs of the company's total production capacity. While China Hongqiao previously relied primarily on coal-fired power for its energy consumption, in response to national policies and with the support of the Yunnan government, the company has relocated part of its capacity to Yunnan to fully utilize the local hydropower advantages. Additionally, the company is vigorously investing in clean energy projects such as photovoltaics in both Yunnan and Shandong, increasing the proportion of clean energy. China Hongqiao continues to build itself as a global market leader in the integrated aluminum industry chain, with industry chain advantages bringing cost advantages to the company. At the same time, the company's capacity relocation actively adapts to the on-going low-carbon development trends. Along with the company's internal initiatives to enhance both the quality and the efficiency, and external efforts to expand international markets, China Hongqiao is further unleashing its strong development momentum and continuously unlocking its potential for significant performance growth. 02/09/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
Fuyao Glass Industry Group Co., Ltd. Announced the 2024 Interim Results
Financial Highlights for the First Half of 2024- On a consolidated basis, revenue was RMB18,339.730 million, representing an increase of 22.01% as compared with the corresponding period last year, which was above the level of the industry growth;- Profit attributable to owners of the Company was RMB3,498.318 million, representing an increase of 23.36% as compared with the corresponding period last year;- Earnings per share was RMB1.34, representing an increase of 22.94% as compared with the corresponding period last year.HONG KONG, Aug 29, 2024 - (ACN Newswire via SeaPRwire.com) - Fuyao Glass Industry Group Co., Ltd. (“Fuyao Glass” or “the Company”; Stock Code: 600660.SH, 3606.HK) is pleased to announce the unaudited interim results of the Company and its subsidiaries for the six months ended June 30, 2024 (“Reporting Period”).Seizing market opportunities, securing robust growth in both revenue and profitsIn the first half of 2024, as the global economic growth slowly recovered, the international situation was complex and volatile, and the geopolitical conflicts intensified, the stability of the global industrial chain and supply chain still be challenged. China’s automobile industry showed growth in key economic indicators along with the trade-ins and the introduction of local supporting policies. According to the statistics released by the China Association of Automobile Manufacturers, automobile production volume and sales volume from January to June 2024 amounted to 13.891 million units and 14.047 million units, representing a year-on-year increase of 4.9% and 6.1%, respectively.The Company seized market opportunities, leading manufacturing upgrades through technological innovation, while enhancing efficiency with digital upgrades. High-quality development steadily advanced, and profitability has further improved. During the Reporting Period, the Company, on a consolidated basis, realized revenue of RMB18,339.730 million, representing an increase of 22.01% as compared with the corresponding period last year, which was above the level of the industry growth; realized profit before tax of RMB4,125.070 million, representing an increase of 24.27% as compared with the corresponding period last year; realized profit for the Reporting Period attributable to owners of the Company of RMB3,498.318 million, representing an increase of 23.36% as compared with the corresponding period last year; and realized earnings per share of RMB1.34, representing an increase of 22.94% as compared with the corresponding period last year.During the Reporting Period, the Company’s profit before tax increased by 24.27% as compared with the corresponding period last year. Excluding the losses from foreign exchange and the reduced investment revenue resulting from Taiyuan Jinnuo Industry Co., Ltd.’s termination of provisions pertaining to the transfer of the remaining 24% equity interest in Fuyao Group Beijing Futong Safety Glass Co., Ltd. , the profit before tax increased by 59.96% as compared with the corresponding period last year.Enhancing comprehensive competitiveness with outstanding performance of high value-added productsDuring the Reporting Period, the Company carried out work according to the Group’s business strategy centered on “continuously creating values for customers” with the market-oriented approach, the support of technological innovation and the protection by standardised management, to ensure the improvement of the comprehensive competitiveness of the Company.In terms of product quality, the Company conducted strict quality control at every stage, from product design, procurement of raw materials, production and manufacturing to finished product warehousing, thus ensuring the quality and reliability of its products and effectively preventing and controlling quality issues.In terms of supply, the Company improved global supply assurance capability. And it planned and laid out a comprehensive global supply system in advance according to industry trends; the Company also continuously innovated and optimized the production process, shortening the time from product input to warehousing, building flexible and agile production capabilities to ensure the global delivery and capacity, achieving mutual achievements and growth with the automobile industry.In terms of innovation capability development, the Company has continuously increased innovation efforts in technology, management and other areas. The proportion of high value-added products such as intelligent panoramic skylight glass, dimmable glass, head-up display glass, ultra-insultating glass, lightweight ultra-thin glass, coated heatable glass, tempered laminated glass has continued to grow, rising by 4.82 percentage points compared to the corresponding period last year, reflecting their value.In terms of sales, the Company always put customer needs first, insisted on rapid response and efficient service, established a high level of trust with customers, focused on creating value for customers, and built Fuyao’s sales organization, thus improving its sales management capabilities, increasing market expansion efforts and broadening sales channels.In terms of team building, the Company adhered to the people-oriented principle, ensured competitive employees’ benefits, promoted the humanities construction of Fuyao and established good discipline and work style, and built a more active and efficient international team.The Company stated: “The global economy will remain tough in the second half of 2024, and economic growth will continue to be confronted with multiple risks and challenges. In this regard, Fuyao will be prudent in every step of its operation: to strictly control the quality of products and new product development in all aspects, refine work process, make good use of the ‘one-vote veto system for quality’, and further create a good quality culture, form the work atmosphere where everyone cares about and values quality; to continues to optimize the Company’s production process, and establish agile management and flexible production mechanisms so as to ensure the global delivery and service, as well as high quality development while expanding its business scale; to continue to strengthen technological innovation, increase investment in R&D, accelerate the speed of R&D, promote product upgrades, and enhance Fuyao’s core competitiveness, with the focus on new materials, new processes, new technologies and cross-disciplinary cooperation; to enhance digital construction by digitizing operations, creating digital platforms, and making platforms intelligent and practically applicable, and ensure that data from various areas of the actual business process is transparent, shared, understandable, and useful, thereby leveraging the efficiency of digitization; to continue to play a leading role in sales, establish an all-round sales management mechanism, make efforts in multiple markets at home and abroad, expand new customers, stabilize regular customers, optimize the level of service, improve customer satisfaction and enhance corporate competitiveness; to continuously increase efforts in talent cultivation, train professionals in new technologies, management, automation, digitization and internationalization, implement staff development, strengthen organizational effectiveness, and improve corporate image and brand value.”- END -About Fuyao Glass Industry Group Co., Ltd.Established in 1987 in Fuzhou, China, Fuyao Group (Fuyao Glass Industry Group Co., Ltd.) is a large multinational conglomerate specialising in automotive safety glass, which was listed on the main board of the Shanghai Stock Exchange in 1993 (A-share code: 600660) and on the Hong Kong Stock Exchange in 2015 (H-share code: 3606), forming an “A+H” model with both domestic and overseas capital platforms.The Company is principally engaged in providing total solutions of safety glass and automotive accessories for various transportation vehicles, including design, manufacture and sale of automotive grade float glass, automotive glass, locomotive glass, luggage racks, vehicle window trims and provision of relevant services. The business model of the Company is globalized research and development, design, manufacture, distribution and after-sales services. Adhering to its brand development strategy of maintaining an industry-leading position in technology and quickly responding to market changes, the Company works with its customers on product design, manufacturing and rendering of services, focuses on improving its business ecological chain and responds to the ever-changing demand of customers systematically, professionally and rapidly, thus creating value for its customers. Copyright 2024 ACN Newswire via SeaPRwire.com.
TANAKA Memorial Foundation to Offer Precious Metals Research Grants of Up to 10 Million Yen (from a Grant Pool of 20 Million Yen)
TOKYO, Sept 2, 2024 - (JCN Newswire via SeaPRwire.com) - TANAKA Memorial Foundation (Representative Director: Hideya Okamoto) announced that it will take applications for research themes for FY2024 Precious Metals Research Grants between September 2 (Mon) and November 30 (Sat). Applications for the grants are open to Japanese educational institutions and public research institutes that will bring about innovative evolution in new research and development, and product development, in the area of precious metals.“Forging a better tomorrow with ‘hirameki’ and ‘kirameki’” has been made the catchphrase for this 26th year of the research grant. The foundation looks forward to seeing research and development themes that contribute toward the continued creation of a better future using the creativity of researchers and the potential of precious metals.Recipients this year will receive a total of 20 million yen in research grants, including up to 10 million yen under the Umekichi Tanaka Award. There are also new awards being offered this year: the Ichiro Tanaka Award, Innovative Precious Metals Award, KIRAMEKI Award, and HIRAMEKI Award. The Umekichi Tanaka Award is named after company founder Umekichi Tanaka, who strove to expand industrial use of precious metals, while the Ichiro Tanaka Award is named after the company’s second president Ichiro Tanaka, who strove for overseas collaboration.Applications can be submitted using the application form on TANAKA Memorial Foundation website (https://tanaka-foundation.or.jp), and, after strict examination, award recipients will be announced at the end of March 2025.TANAKA Memorial Foundation aims to contribute to the development and cultivation of new fields for precious metals and to the development of science, technology, and the social economy by conducting activities that enable more people to experience a prosperous society. This grant program aims to support a range of endeavors that can contribute to the creation of a sustainable future.Last year, the Umekichi Tanaka Award was presented to “Research on bonding wire with electromagnetic wave shielding function” which sought to make it possible to use bonding wire in the high-frequency band, which was not previous possible, by coating the surface of bonding wire with a magnetic thin film containing precious metals.Overview of the 2024 Precious Metals Research GrantsTheme- Themes that involve any of the following: new technologies to which precious metals can make a contribution, research related to precious metals that will bring innovative evolution to products, or research and development of new products using precious metalsGrant Amounts (Maximum amounts from a grant pool of 20 million yen)- Umekichi Tanaka Award10,000,000 yen- Ichiro Tanaka Award (Previously Gold Award)3,000,000 yen- Innovative Precious Metals Award (Previously Silver Award)1,000,000 yen- KIRAMEKI Award (Previously Young Researcher Award)1,000,000 yen- HIRAMEKI Award (Previously TANAKA Special Award)300,000 yen* The grant amount is treated as a scholarship donation.* Awards may not be granted in some cases.Eligible Candidates- Personnel who belong to (or work for) educational institutions in Japan (universities, graduate schools, or technical colleges) or public and related research institutions may participate.* As long as the applicant is affiliated with a research institution in Japan, the base of activity can be in Japan or overseas.* HIRAMEKI Awards are for researchers under the age of 37 as of April 1, 2024.Application Period- 9am, September 2, 2024 (Mon) - 5pm, November 30, 2024 (Sat)Application Method- Enter the required information on the application form available on the TANAKA Memorial Foundation website (https://tanaka-foundation.or.jp) and upload details of the research (papers and supplementary material on the theme).Announcement- Results will be announced on the TANAKA Memorial Foundation website around the end of March 2025.* TANAKA will contact the award recipients directly.ConditionsNew research and development themes—either using precious metals or which can be applied to precious metals—that contribute to the creation of a sustainable future, with research content that falls under any of the following.- New technology related to precious metals (new materials, processing methods, process development, etc.)- Research that brings about innovative evolution in product development (new functions, process development, computational science, etc.)- Research and development of new products using precious metals* Precious metal refers to eight elements of platinum, gold, silver, palladium, rhodium, iridium, ruthenium and osmium.* If development is conducted jointly (or planned to be) with other material manufacturers, please indicate so.* Products that have already been commercialized, put to practical use, or that are planned are not eligible.About Umekichi TanakaAfter learning his trade at Ejimaya pawn brokerage in Tokyo, company founder, Umekichi Tanaka, opened Ejimaya Tanaka Shoten at Kitajima-cho, Nihonbashi-ku, Tokyo, (now Kayabacho, Nihonbashi, Chuo-ku, Tokyo), which remained the headquarters of TANAKA Kikinzoku Kogyo K.K. until 2006. The company’s business originally entailed buying copper coins (one-hundredth of a yen) and nickel coins (five-hundredths of a yen), and exchanging them, in lots of 100 yen, with merchants for a fee. It went on to engage in the bullion trading business, and began melting down foreign gold coins from Yokohama’s foreign quarter and other places, and then refining and selling the metal. The technologies developed at this time went on to play a significant role in later industrial use of precious metals.About Ichiro TanakaTanaka Shoten’s second president Ichiro Tanaka began negotiations around 1920 to directly import platinum from the Soviet Union, which accounted for approximately 70% of the world’s platinum production during that time. Three years later, in April 1923, the Soviet government signed a contract on sales rights with Tanaka Shoten. Through this contract, Tanaka Shoten became Japan’s sole sales agency for platinum and palladium and gained sales rights for the entirety of East Asia, which were the same terms as with the United States and the United Kingdom. Subsequently, Ichiro Tanaka strove for overseas collaboration in platinum group precious metals such as platinum and palladium.Inquiries Concerning the Research Grant ProgramPrecious Metals Research Grants OfficeGlobal Marketing / R&D Supervisory Department, TANAKA Kikinzoku Kogyo K.K.2-6-6 Nihonbashi Kayabacho, Chuo-ku, Tokyo 103-0025E-mail: joseikin@ml.tanaka.co.jpTANAKA Memorial Foundation website: https://tanaka-foundation.or.jpTANAKA Memorial FoundationEstablished: April 1, 2015 Address: 2-6-6 Nihonbashi Kayabacho, Chuo-ku, TokyoRepresentative: Hideya OkamotoIncorporated: 2015Purpose of Business: To provide grants for research related to precious metals to contribute to the development and cultivation of new fields for precious metals, and to the development of science, technology, and the social economy.Areas of Business:- Provision of grants for scientific and technological research related to precious metals.- Recognition of excellent analysis of precious metals and holding of seminars and other events.TANAKA Kikinzoku Kogyo K.K.Headquarters: 2-6-6 Nihonbashi Kayabacho, Chuo-ku, TokyoRepresentative: Koichiro Tanaka, Group CEOFounded: 1885Incorporated: 1918Capital: 500 million yenEmployees: 2,498 (December 31, 2023)Sales: 217,204,581,000 yen (FY2023)Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.URL: https://tanaka-preciousmetals.comPress InquiriesTANAKA Holdings Co., Ltd.https://tanaka-preciousmetals.com/en/inquiries-for-media/Press Release: https://www.acnnewswire.com/docs/files/20240902.pdf Copyright 2024 JCN Newswire via SeaPRwire.com.
India Emerges as Fastest-growing Pro AV Market in APAC in Latest 2024 IOTA Report
MUMBAI, INDIA, Aug 30, 2024 - (ACN Newswire via SeaPRwire.com) - The global Pro AV market is projected to reach $325 billion in 2024, from $306.4 billion in 2023, with India leading the Asia Pacific region in growth, according to the Audiovisual and Integrated Experience Association (AVIXA) 2024 Industry Outlook and Trends Analysis (IOTA).Against this backdrop of robust growth, InfoComm India, the region’s foremost professional audiovisual exhibition, is set to showcase the advanced technologies and solutions driving this rapid expansion that has propelled India to be the fastest-growing market in APAC. The tenth in-person edition of the show will offer opportunities, insights, and context as to how businesses and tech professionals can leverage the transformative technologies of Pro AV to propel their organizations to the next level in the digital revolution era. InfoComm India 2024, the largest edition yet, kicks off from 3 to 5 September at the Jio World Convention Centre (JWCC) in Mumbai and is open to all professionals seeking to better understand and benefit from integrated experience solutions. AVIXA CEO David Labuskes attributes the growth in Pro AV adoption within specific markets and regions to the forces and relationships between market demand for technology upgrades, supply, distribution networks, and systems integration. David, alongside InfoCommAsia Executive Director June Ko will illuminate audiences on India’s current and future Pro AV landscape and opportunities during InfoComm India 2024’s opening session, ‘Navigating New Horizons: Insights and Innovations Shaping India’s Pro AV Landscape’, on opening day at 10.30am.The InfoComm India 2024 Summit offers a deep dive into the intersection of innovation and practical application across its 14 specialty tracks, featuring 50 sessions, and over 90 expert speakers. Attendees can expect to explore hot topics like mastering audiovisual communication, harnessing AI in Pro AV, and empowering sustainable cities. In addition to the recently announced 32 first-time exhibitors (joining the 250 total participating exhibitors and brands) and 30+ new launches, details of several new debuts and experiential activities have leaked just one week before the event. They include:AVOCOR’s global launch of their ‘New S Series’ for education displaysNorwegian-based NEAT’s showcase of their 2024 Red Dot Design Award-winning Neat Centre and Near Bar Generation 2INOGENI’s introduction of their all-new Toggle Rooms for advanced video conferencingUS-based ZEEVEE INC. debuting their Zyper Management Platform.AV MASTER TEECHNOLOGY unveiling their latest product - the 4x1 HDMI SwitcherDATAPATH to demonstrate Aertia’s latest advancements with a real-life mini replica of a control roomTaiwan’s CYPRESS TECHNOLOGY will showcase their all-new AV over IP solution boasting flexible deployment and centralized management Beyond technology and innovation, InfoComm India is designed to better serve Pro AV communities by fostering engagement and connections. From AVIXA’s ‘Flashtracks’, AV Marketer’s Meetup, and the empowering AVIXA Women’s Council, to InfoComm India’s networking breakfasts, next-gen photo booth, to the Multisensory Immersive Experience – an installation co-presented with MSS World + Studio Ocupus, the entire event provides numerous opportunities to meet peers, experts, and potential collaborators.InfoComm India 2024 opens its doors at 9.10am on 3 September. To skip long queues onsite, register and secure your show badge now.For details on the program agenda, visit InfoComm India.To access more press information on InfoComm India 2024, please visit the Digital Press Kit Contact Information: Rest of the World Angie Eng, Marketing Director InfoCommAsia Pte Ltd angieeng@infocommasia.com IndiaSooraj Dhawansooraj@falconfirst.com Copyright 2024 ACN Newswire via SeaPRwire.com.
Trump Defends Arlington Cemetery Visit, Blames Harris for Politicizing Gold Star Families’ Event
ATLANTA — Donald Trump’s campaign issued a statement Sunday from the Gold Star military families who invited him to Arlington National Cemetery. They defended the Republican presidential nominee and insisted that Vice President Kamala Harris is the candidate politicizing fallen U.S. service members. This is the latest development in an ongoing back-and-forth between Trump and Harris. Trump is attempting to blame Harris for the Biden administration's handling of the chaotic U.S. withdrawal from Afghanistan in 2021, which included a suicide bombing that killed 13 U.S. service members. On Saturday, Harris accused Trump of staging a “political stunt” that “disrespected sacred ground” where many Afghanistan war dead are buried. Trump and the families of some of those killed in the bombing blame Harris, and previously blamed President Joe Biden before he ended his reelection bid, for their loved ones’ deaths. The families say the former president was honoring their loved ones when he came to Arlington. Trump's campaign later distributed images of the visit, despite the cemetery’s prohibition on partisan activity on the grounds. “President Trump was invited by us, the Gold Star families, to attend the solemn ceremonies commemorating the three-year anniversary of our children’s deaths,” said the relatives’ joint statement. “He was there to honor their sacrifice, yet Vice President Harris has disgracefully twisted this sacred moment into a political ploy.” Trump laid wreaths last Monday in honor of Sgt. Nicole Gee, Staff Sgt. Darin Hoover and Staff Sgt. Ryan Knauss. They were among 13 U.S. service members and more than 100 Afghans who died in an Aug. 26, 2021, bombing at Hamid Karzai International Airport as U.S. forces withdrew from Afghanistan. Trump thanked the family members for their statement via social media. “Thank you for saying you wanted me to stand with you … and take pictures, that it was your request, not mine,” . Throughout the weekend, Trump has used his social media accounts to distribute video testimonials from some relatives who signed the statement. Christy Shamblin, Gee’s mother-in-law, said in a 90-second message that Trump and his aides were “respectful” and a “a comfort” to the families who gathered at Arlington. Then she directly addressed her remarks to Harris. “Why won’t you return a call and explain how you call my daughter-in-law’s death a success?” Shamblin said. “Why would you take a day where we celebrated the deaths of our loved ones and use it to disparage not only them, but us.” Biden and first lady Jill Biden went to Dover Air Force Base in 2021 for the ceremony returning the service members’ remains to U.S. soil. The Bidens met privately with family members at Dover. The Bidens were joined at the ceremony by several top aides in the administration, including Defense Secretary Lloyd Austin, then-chairman of the Joint Chiefs of Staff Gen. Mark Milley and Secretary of State Antony Blinken. Shamblin was among the several family members who also spoke at the Republican National Convention in July on Trump’s behalf. Several family members have joined Trump’s running mate, Sen. JD Vance of Ohio, on a conference call with media. Trump’s appearance ballooned into controversy after defense officials said his campaign was warned about not taking photographs and that there was an altercation between Trump aides and a cemetery employee. Officials have said since that an employee whom two Trump campaign staff members allegedly “verbally abused and pushed” aside has declined to press charges. The Trump campaign has since lashed out at Pentagon officials, with a top campaign adviser, Chris LaCivita, referring to military spokespersons as “hacks.” Trump campaign officials say the campaign had permission to bring someone to take video. Since Biden ended his reelection bid in July, Trump has been zeroing in on Harris and her roles in foreign policy decisions. He has highlighted the vice president’s statements that she was the last person in the room before Biden made the decision to withdraw from Afghanistan. Biden’s administration was following a withdrawal commitment and timeline that the Trump administration had negotiated with the Taliban in 2020. A 2022 review by a government-appointed special investigator concluded decisions made by both Trump and Biden were the key factors leading to the rapid collapse of Afghanistan’s military and the Taliban takeover. Campaigning this year, Trump has said that leaving was the right thing to do but that the Biden administration’s execution was poor. “We were going to do it with dignity and strength,” he said in a recent speech in Michigan.
Clooney Comments on Biden’s Withdrawal Following Op-Ed Calling for New Nominee
Actor George Clooney addressed President Joe Biden’s decision to drop out of the presidential race, which he did 11 days after Clooney addressed the President in an opinion piece for the New York Times titled: “I Love Joe Biden. But We Need a New Nominee.” In a press conference for his upcoming film Wolfs, in which he stars alongside Brad Pitt, on Sunday, Sept.1 at the Venice Film Festival, Clooney, 63, was asked about the impact of his When met with some applause from the crowd, the Hollywood actor shifted the focus back to Biden. “The person who should be applauded is the President who did the most selfless thing anyone’s done since George Washington,” Clooney said. “All the machinations that got us there, none of that’s going to be remembered. And it shouldn’t be. What should be remembered is the selfless act.” He went on to describe how hard it is to “let go of power.” Addressing the room of press, he noted: “For someone to say, ‘I think there’s a better way forward?’ All credit goes to him.” NEWS: George Clooney is asked about President Biden dropping out of presidential race and the op-ed he wrote for calling on him to step aside. He says it was selfless decision, Biden should be applauded and he’s proud of where world is right now. — Chris Gardner (@chrissgardner) In the Times op-ed, published just weeks after Clooney at the Los Angeles Peacock Theater, Clooney said he “love[d]” Biden and considers him a friend. Yet, at the fundraiser, “he wasn’t even the Joe Biden of 2020.” Making reference to Biden’s widely-criticized performance at the first 2024 on June 27, Clooney said of the President: “He was the same man ” Clooney was one of the more high-profile voices to speak out following the debate, in which Biden stumbled on his words and at times rambled off into tangents that others struggled to understand. As a self-proclaimed “lifelong Democrat” and a prominent donor of the political party, Clooney reflected on the time he had spent with Biden over the years. He went on to say: “This is about age. Nothing more… We are not going to win in November with this President.” The op-ed came at a significant moment in the Biden campaign, as former Speaker Nancy Pelosi and other prominent Democrats Less than two weeks later, Following Biden’s announcement that he was dropping out of the race, Clooney released a , where he praised Biden and endorsed Harris. “President Biden has shown what true leadership is. He’s saving democracy once again,” the actor said. “We’re all so excited to do whatever we can to support Vice President Harris in her historic quest.”
Oasis 2025 Tour Tickets: Controversy Over Demand, Prices, and Ticketmaster
After breaking up 15 years ago, iconic rock band announced they would be reuniting for a U.K. and Ireland tour in 2025. The news that formerly feuding brothers Liam and Noel Gallagher will once again share the stage has been met with enthusiasm—but not without controversy. The announcement of the tour resulted in an overwhelming demand for tickets, leading the band to add even more U.K. and Ireland dates. Still, the quest for tickets via Ticketmaster has been marred with frustration over technological issues, pricing, and touts. Here’s a breakdown of the Oasis ticketing controversy and where things currently stand. Issues with Ticketmaster On Friday, Aug. 30, fans who had been selected in the pre-sale ballot waited in a queue on Ticketmaster—which dominates concert and sporting tickets around the world—ahead of the three-hour window for pre-sale purchases. On X (formerly Twitter), many fans complained about technical difficulties preventing them from accessing tickets. Some people got locked out, or were virtually queuing behind tens of thousands of people, only to be kicked out of the Ticketmaster queue or to receive an error message once they finally reach the checkout stage of the ticket-buying process. When the tickets went on general sale on Saturday, Aug. 31, fans complained of the same issues. Former One Direction member Louis Tomlinson, widely known as a fan, even entered the conversation. While attending the Italian Grand Prix on Saturday afternoon, he shared that he had been selected for the pre-sale, but was unlucky and hadn’t received a (pre-sale ballot) code. In addition to the queuing and technical problems, there’s also been backlash about the prices. Within an hour of the pre-sale, tickets appeared on re-selling sites for triple the face value. Oasis addressed the controversy and prices, telling fans that tickets can only be re-sold at face value via certain websites. “Tickets appearing on other secondary ticketing sites are either counterfeit or will be cancelled by the promoters,” the post read. Yet, the controversy is also connected to Ticketmaster’s own price raising, since during the sale, they upped their own prices for “in-demand” tickets. As fans finally entered the ticket-selection portion of the website, they found out that tickets that were originally priced lower were now more expensive. Ticketmaster introduced this “, dynamic pricing model, which allows their prices to inflate according to the demand. Fans referred to the raised ticket prices as “ridiculous,” with some tweeting in frustration. "In demand standing ticket" is just a standard standing ticket except double the price.No difference between Ticketmaster and touts. — Darragh Moriarty (@darragh_mor) “As anticipated, millions of fans accessed our site and were placed in a queue, which moved along as they bought tickets,”a Ticketmaster spokesperson told TIME in an email. “We always advise fans to hold their place in line, make sure they’re only using one tab, clear cookies, and ensure they aren’t using any VPN software on their device.” They added: “To clarify, Ticketmaster does not set ticket prices.”On its website, Ticketmaster states: “Promoters and artists set ticket prices. Prices can be either fixed or market-based. Market-based tickets are labeled as ‘Platinum’ or ‘In Demand.’” This is not the first time Ticketmaster has been at the heart of controversy over their ticket system. During the sale for Taylor Swift’s Eras Tour, the company came under fire after fans waited in a queue for hours during pre-sale, just for the website to glitch at the last moment, with Ticketmaster eventually canceling the general sale. Are Oasis adding extra shows to the 2025 U.K. and Ireland tour? Due to the difficulties and demand for tickets, many fans are calling for Oasis to add more tour dates for their now-sold out 2025 tour in the U.K. and Ireland. Calls for more dates come after Oasis already added an extra date ahead of the tickets going on sale. It is not yet known if Oasis will be adding further additional dates in light of the continued public demand. TIME has reached out to Oasis’ representatives for comment.
Harris Criticizes Trump’s Arlington Visit as a Politically Motivated Stunt that Disrespected the Cemetery
Vice President Kamala Harris said former President Donald Trump “disrespected sacred ground” by taking and distributing images at Arlington National Cemetery, despite a federal ban on campaign activity there. She pointed to reports that Trump's campaign staff argued with a cemetery staffer, taking photos and filming the former president, including at the graves of Afghanistan war veterans, after being warned about the rules. Harris, in a posted Saturday on the social media platform X, stated, “Let me be clear: the former president disrespected sacred ground, all for the sake of a political stunt,” adding that Arlington is “a solemn place where we come together to honor American heroes … not a place for politics.” The incident arose from Trump's and Republicans' continued criticism of President Joe Biden and now Harris regarding the chaotic U.S. withdrawal from Afghanistan. Trump, at the invitation of family members of service members killed during the withdrawal, laid wreaths last Monday in honor of Sgt. Nicole Gee, Staff Sgt. Darin Hoover, and Staff Sgt. Ryan Knauss. They were among 13 U.S. service members and more than 100 Afghans who died in an Aug. 26, 2021, bombing at Hamid Karzai International Airport. As Vice President, I have had the privilege of visiting Arlington National Cemetery several times. It is a solemn place; a place where we come together to honor American heroes who have made the ultimate sacrifice in service of this nation.It is not a place for politics.And…— Kamala Harris (@KamalaHarris) Trump's campaign was warned about not taking photographs before an altercation at the cemetery, according to defense officials. Officials have said since that an Arlington employee whom two Trump campaign staff members allegedly “verbally abused and pushed” aside has declined to press charges. The Trump campaign has since lashed out at Pentagon officials, with a top campaign adviser, Chris LaCivita, referring to military spokespersons as “hacks.” Trump campaign officials say it had permission to bring someone to take video. Since Biden ended his reelection bid, Trump has been focusing on Harris and her roles in foreign policy decisions. He has specifically highlighted the vice president’s statements that she was the last person in the room before Biden made the decision on Afghanistan. Biden’s administration was following a withdrawal commitment and timeline that the Trump administration had negotiated with the Taliban in 2020. A 2022 review by a government-appointed special investigator concluded decisions made by both Trump and Biden were the key factors leading to the rapid collapse of Afghanistan’s military and the Taliban takeover. Harris on Saturday alluded to Trump’s history of picking fights with veterans and repeated allegations that he has “called our fallen service members ‘suckers’ and ‘losers’ and disparaged Medal of Honor recipients.” “This is a man who is unable to comprehend anything other than service to himself,” Harris said. “I will always honor the service and sacrifice of all of America’s fallen heroes. … And I will never politicize them.”
CALB Group Announces 2024 Interim Results
HONG KONG, Sept 1, 2024 - (ACN Newswire via SeaPRwire.com) - On August 29, CALB Group Co., Ltd. (“CALB” or the “Group”, stock code: 03931.HK), a global vanguard in new energy power generation and storage technology, announced interim results for six months ended June 30, 2024. According to the financial report, the Group achieved total revenue of RMB12.469 billion, a year-on-year increase of 1.4%. The profit increased by 56.6% to RMB417 million. Gross profit rose by 65.2% to RMB1,948 million, with a gross profit margin up by 6 pp to 15.6%. The net assets amounted to RMB47.369 billion, an increase of 2.1% over early 2024.CALB noted that the revenue growth in H1 2024 was mainly attributable to the release of the Group's production capacity, further diversified in customer structure, and significant growth in business scale. By product division, revenue generated from the sales of EV batteries reached RMB9,724 million, accounting for 78% of total revenue. Meanwhile, revenue generated from the sales of ESS products and others increased by 43.2% year-on-year to RMB2,745 million, accounting for 22% of total revenue.In the first half of 2024, CALB made full efforts in all fields to achieve sustained and rapid development. The Group’s installed capacity of EV batteries firmly ranked the second place in China and rose to the top four globally among the third-party EV battery providers. The installed capacity for hybrid electronic vehicles and commercial vehicles has more than doubled, while the delivery of BEV batteries for high-end market increased significantly year-on-year, the Group became the designated partner of new platforms and projects of many international customers such as Toyota, Volkswagen, Ford, Audi and Mazda. Additionally, CALB’s 314Ah ESS battery was the first in the industry to achieve stable delivery in batches, and secured the battery order for the world’s largest energy storage project. For the E-ship market, the Group also signed several projects of international large-scale commercial ships, and the deliveries will be completed in succession.In terms of innovation in technologies and products, CALB continues to make strides, achieving a series of key technological breakthroughs. On August 28, the "2024 CALB Global Ecosystem Conference" officially showcased the full-scene series of new products in several major categories, including EV, eVTOL, ESS, E-ship and E-train, together with a highly anticipated all-solid-state battery solution, continuously leading the industry to new heights.The new series for passenger EVs and eVTOLs includes four batteries: super BEV battery with new 5V LNMO cathode and upgraded performance (400km with 5 mins recharge, 100% performance under -20oC), super REEV battery with extreme fast charging of 5C, super PHEV battery with ultra-high power up to 400kW, and super eVTOL battery with extremely high energy density of 350Wh/kg with 46-cyclidical solutions, all scheduled to be launched between 2025 and 2026. The new series for commercial applications encompasses four battery systems, including a high-capacity battery system for light trucks with mileages up to 600km, a standard 800kWh solution for heavy trucks to reach mileages up to 530km, a flexible solution for E-trains, and a 199MWh walk-in solution for E-ships. The series for ESS applications includes three different specifications of cells and systems: the industry’s first mass-produced Gen2 314Ah battery cell with the cycle life of 15,000 times and the upgraded 5MWh ESS container, the 6.25MWh ESS container with the newly designed 392Ah battery cell, which will be the world’s 1st in the market and perfectly compatible with existing production lines for 314Ah cells, and the 6.8MWh+ ESS container equipped with the next generation 625+Ah battery supported by the Gen3 stacking technology. The all-solid-state battery, a major blockbuster product that has drawn significant attention at the conference, is set to enter the pilot installation phase in 2027, achieving the industry’s peak energy density of 430Wh/kg in mass production.For the future prospects, revolving around the business strategy of “dual-driven force of power and energy storage” and regional strategy of “Paradigm Featuring Dual Circulation”, CALB is dedicated to serving the high-quality development of new energy with its leading technology and product capabilities. As for innovation in technology and product, the Group is committed to continuous technological innovation in multiple dimensions and maintaining its leadership in advanced materials, advanced manufacturing technologies, high performance battery and system technologies, new batteries, and battery life-cycle management, etc. to ensure the competitive advantages of its products in the application field. Meanwhile, the Group will pool its efforts and resources to provide comprehensive product solutions and life-cycle management for the new energy full-scenario application market represented by EV and ESS. In alignment with its strategic goal of internationalization, the Group will continue to accelerate its strategic internationalization process from multiple aspects including production capacity, market and supply chain.In the future, CALB will adhere to the innovation-driven development strategy, firmly grasp the high-quality development, develop new quality productive force, continuously define and expand the global markets and persistently provide global customers with a full range of optimal solutions. Based on the positioning as a “battery expert”, the Group will be dedicated to the technologies and product offerings to serve the market and satisfy the customers, continue to shape a healthy ecosystem for the new energy industry. Copyright 2024 ACN Newswire via SeaPRwire.com.
New Book Aims to Improve the Legacy of African Americans in America
Rochester, Pennsylvania - GC Rochester's new book, "Improving the Legacy of African Americans in America," emphasizes hope, knowledge, and resilience. The book aims to empower readers with the tools to build generational wealth, encourage civic engagement, and understand the importance of their vote in the 2024 election. Targeting a broad range of ages, from children learning about responsibility to young adults navigating financial literacy, this 39-page book serves as a family resource. With colorful AI-generated illustrations, it tackles topics like wealth creation, property ownership, investment, and informed voting. The book highlights the importance of financial literacy in building generational wealth. It features stories of African American trailblazers and provides practical steps for managing finances, starting businesses, and establishing a secure financial future for families. As the 2024 election approaches, the book emphasizes the responsibility of voting. It delves into the history of voter suppression, the role of civil rights leaders, and current efforts to empower marginalized voices. The book equips readers with the knowledge to make informed decisions and impact change through civic engagement. Whether it's discussing budgeting or the significance of voting during family time, the book encourages incorporating these lessons into everyday life. By engaging families in this journey, the book aims to strengthen community ties and empower individuals to shape the future. "Improving the Legacy of African Americans in America" serves as a guide to empower future generations to become educators, leaders, and changemakers. This book encourages readers to transform knowledge into action, creating a brighter future for all. Improving the Legacy of African Americans in America Sold on Amazon: Paperback and Ebook. Media ContactRochester Booksinfo@rochesterbooks.net Source :Rochester Books
Brisbane Car Removal Experts: Iconic Tools Hub
Brisbane, Queensland Aug 31, 2024 - Iconic Tools Hub is a leader in the removal and disposal of cars and trucks, providing exceptional car removal services throughout Brisbane. The company specializes in efficiently removing unwanted vehicles, offering a convenient way for individuals to dispose of their old or damaged cars while potentially earning up to $9,999 in cash. Comprehensive Car Removal Services Catering to the diverse needs of Brisbane residents, Iconic Tools Hub offers a wide range of services. Their professional team can swiftly and seamlessly remove your old car, truck, van, or 4WD. They provide free, prompt quotes, on-site inspections, and multiple payment options. Their specialized service ensures a smooth and hassle-free vehicle pickup, simplifying the car removal process for customers. Professional Brisbane Truck and Auto Wreckers Recognized as one of the premier Truck Auto Wreckers in Brisbane, Iconic Tools Hub also handles car removals. They approach the removal and disposal of trucks and other large vehicles with the same level of efficiency and expertise, ensuring every step is executed meticulously. If you require high-quality used car parts for a variety of makes and models, Iconic Tools Hub has an extensive inventory to choose from. Reliable Car Removals in Brisbane You can rely on Iconic Tools Hub when you need to dispose of your vehicle. They offer a reliable service encompassing car removals for any make, model, or condition across Brisbane, Queensland, Ipswich, Logan, Moreton, the Redland Bay Region, and the Gold Coast. Iconic Tools Hub prioritizes customer satisfaction, guaranteeing exceptional service from start to finish. About the Company Iconic Tools Hub is a leading provider of car removal services in Brisbane and surrounding areas. They streamline the process of disposing of old cars, trucks, and other vehicles by offering free quotes, flexible payment options, and swift vehicle pick-up. With a commitment to customer satisfaction and environmental responsibility, Iconic Tools Hub is your premier destination in Brisbane for auto parts and car removal services. For further information, visit their website . Company: Iconic Tools Hub Email: Telephone: 1800 650 650, 0401213250 Website: Media ContactCars Removals Source :Cars Removals
National Car Parts: Your Solution for Scrap Cars and Used Auto Parts
Keilor, Victoria Aug 31, 2024 - National Car Parts offers a comprehensive solution for those seeking to responsibly dispose of their unwanted vehicles. With over 15 years of experience, they provide efficient and hassle-free car removal services in Melbourne and surrounding areas, ensuring customers receive top dollar for their vehicles. Your One-Stop Shop for Quality Auto Parts Beyond car removal, National Car Parts is renowned for its extensive inventory of high-quality used auto parts. Whether you need to repair your existing vehicle or enhance its performance, National Car Parts offers a wide selection of parts for various makes and models, ensuring customers find the exact parts they need at competitive prices. Get Cash Right Away for Your Old Car National Car Parts' "cash for scrap cars" program is a convenient and lucrative option for selling old or damaged vehicles. The company provides a simple process for selling your car, offering a competitive price based on its condition, which can reach up to $9,999. The entire process, from valuation to vehicle pick-up, is designed to be customer-friendly, allowing for flexible scheduling and maximizing convenience. About the Company National Car Parts is a leading automotive recycling and parts supplier in Melbourne, Australia. The company offers a comprehensive suite of services including car removal, scrap car disposal, and the sale of high-quality used auto parts. Known for their customer-centric approach, they have established a reputation for providing a wide range of services with exceptional customer satisfaction. Operating for over 15 years, National Car Parts serves Melbourne, Victoria, Fitzroy, Carlton, Docklands, North Melbourne, East Melbourne, Southbank, and other regions across Australia. Their professional and reliable service ensures a seamless experience whether you need assistance in disposing of your vehicle or sourcing the right replacement parts. For inquiries, please visit their website . Name: National Car Parts Email: / bcpcarparts@gmail.com Telephone: +61 439 709 594 Website: Media ContactNational car parts61 439 709 59465 Webber Parade, Keilor East Victoria 3033, Australia Source :Nationalcarparts
Flexidynamic Sees Significant Turnaround in PBT by 277.62% for Q2 FY2024, Better Prospects Ahead
KUALA LUMPUR, Sept 1, 2024 - (ACN Newswire via SeaPRwire.com) - Flexidynamic Holdings Berhad ("Flexidynamic" or the "Company"), an established solutions provider for the rubber glove manufacturing industry, is pleased to announce its financial results for the second quarter ended 30 June 2024 ("Q2 FY2024").The Group recorded revenue of RM7.76 million for Q2 FY2024, reflecting a strategic shift as the Company capitalised on emerging opportunities in the recovering glove industry. While revenue showed a decline from RM13.30 million in the corresponding quarter of the previous year ("Q2 FY2023"), primarily due to the completion of significant overseas projects in the prior year. Flexidynamic saw a robust increase in demand for repair and maintenance services, system upgrades, and equipment enhancements from its existing customers. This signals a positive market sentiment and the beginning of a rebound in the glove manufacturing sector.Profit before taxation (“PBT”) for Q2 FY2024 was RM0.91 million, slightly lower than the RM0.93 million recorded in Q2 FY2023. However, the Company’s continued focus on cost management and operational efficiency has ensured sustained profitability. Notably, Profit After Tax (“PAT”) soared to RM0.98 million, a significant improvement compared to a Loss After Tax (“LAT”) of RM0.55 million in the same quarter last year, driven by the recognition of deferred tax assets from customer downpayments.The comparison with the immediate preceding quarter (“Q1 FY2024”) further highlights Flexidynamic’s positive trajectory. Revenue surged from RM4.75 million in Q1 FY2024 to RM7.76 million in Q2 FY2024, while PBT experienced a remarkable 501.32% increase, rising from RM0.15 million to RM0.91 million. This strong performance underscores the Company’s ability to navigate a challenging environment and capitalise on the recovery in the glove industry.Mr. Tan Kong Leong, Managing Director of Flexidynamic, commented on the results: “The second quarter of FY2024 marks a significant period of recovery for Flexidynamic as the glove industry shows early signs of resurgence. While the global oversupply of gloves persists, particularly due to the excessive capacity expansion during the Covid-19 pandemic, we are optimistic about the long-term prospects of the industry. Increased hygiene awareness, especially in emerging markets with low glove consumption, is expected to drive demand. Our strategic focus on operational efficiency and cost management has allowed us to effectively leverage this recovery, leading to a substantial increase in profitability.”He added, “In addition to our core operations, we are pleased to announce our recent venture into gamma radiation sterilisation services in collaboration with Gammatech. This initiative not only serves our existing customers in the glove industry but also opens up new opportunities in sectors such as pharmaceuticals, food processing, and packaging. By offering these services, we are poised to expand our market reach and deliver even greater value to our shareholders.”Since its inception in 2012, Flexidynamic has firmly established itself in the rubber glove manufacturing industry. The strategic acquisition of Flexidynamic Engineering Co. Ltd. in Thailand in 2018 has expanded its presence across Southeast Asia, supported by operational offices in Malaysia and Thailand and a manufacturing facility in Banting, Malaysia. The Group has also diversified into infrastructure projects, including a recent RM12.4 million contract for the water treatment plant and water intake at Loji Rawatan Air Chupak, Jajahan Gua Musang, Kelantan, which is expected to contribute positively to earnings. Furthermore, with the Group’s planned provision of sterilisation services using gamma radiation through Gammatech, its 51%-owned subsidiary, Flexidynamic is set to serve not only its existing glove industry customers but also expand into pharmaceuticals, food processing, and packaging sectors, leveraging its expertise to drive sustained growth and diversification.ABOUT FLEXIDYNAMIC HOLDINGS BERHADFounded in 2012, Flexidynamic Holdings Berhad has established itself as a pivotal solutions provider in the rubber glove manufacturing sector, with a significant market presence in countries like Vietnam, Indonesia, and Sri Lanka, supported by strategic offices in Malaysia and Thailand. From its inception focusing on chlorination systems for powder-free glove production, Flexidynamic has expanded its product range and geographical footprint, particularly after the strategic acquisition of Flexidynamic Engineering Co. Ltd. in Thailand in 2018. This acquisition bolstered its support for overseas operations, mainly in the Southeast Asia region. With a relentless focus on innovation and a strong support base, Flexidynamic Group is poised for further growth, leveraging its expertise to venture into new markets and sectors.For more information, visit https://flexidynamic.com/.Issued By: Swan Consultancy Sdn. Bhd. on behalf of Flexidyanmic Holdings BerhadFor more information, please contact:Jazmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizWilliam YeoTel: +60 13-213 2103Email: w.yeo@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
New Jersey Diocese Sues U.S. Government Over Religious Worker Visa Procedures
The Catholic diocese in Paterson, New Jersey, is seeking a reversal of visa procedures for religious workers, a rule they believe could jeopardize the status and future of foreign-born clergy in the United States. The diocese is joined by five priests in the lawsuit filed on Aug. 8 in the U.S. District Court in Newark, targeting the Department of State, Department of Homeland Security, and the U.S. Citizenship and Immigration Services. According to the suit, four of the priests’ visas are set to expire in 2025, and one is set to expire in 2026. Many religious workers come to the U.S. on temporary visas, granting them five years of work authorization, after which they can apply for permanent residency under a special category called EB-4. The change they are challenging in the Immigration and Nationality Act involves the addition of new applicant categories—including minors from Guatemala, Honduras and El Salvador—to the same queue as religious worker visas. Traditionally, Congress sets a yearly maximum number of green cards available per category, usually based on professional or familial ties to the U.S. This alteration has resulted in a surge of applications within their category while maintaining the cap on green cards issued per year, creating backlogs for clergy and religious workers seeking green cards. The lawsuit filed by the New Jersey diocese alleges that the change was implemented "without proper notice" and poses a "direct threat" to the plaintiffs' ability to fulfill their "religious and spiritual vocation." “The abrupt shift in the calculation of visa availability and sudden enforcement of that agency action imposes substantial burdens on Plaintiffs,” the lawsuit states. “Plaintiffs will necessarily be deprived of their ability to engage in their religious vocation in the United States and will face significant undue disruption, cost, and delay relating to their respective immigration matters.” TIME has reached out to The United States Conference of Catholic Bishops for comment. In a statement, Reverend Mark Seitz, Bishop of El Paso, Texas, voiced opposition to the procedural change, advocating not only for religious workers, but also for young children who "often wait for years as they are required to compete with adults for visas in the EB-4 category." “Unfortunately, the current situation violates both Congress’ intent to provide religious organizations and our communities with needed workers and its express desire to protect vulnerable immigrant youth,” Seitz wrote. In a statement emailed to TIME, a U.S. State Department spokesperson acknowledged that the 2023 policy change had significantly extended worldwide waiting times for religious worker green cards, but declined to comment on the litigation. “This is an untenable situation,” said Lance Conklin, who co-chairs the religious workers group of the American Immigration Lawyers Association, in a statement to “The lawsuit is representative of the way a lot of people feel.”
Missy Elliott, Timbaland, and Others Remember Fatman Scoop Following His Death
Fatman Scoop, the American hip-hop artist known for his energetic performances and infectious hits, passed away at the age of 53 on Friday night. He collapsed on stage during a concert in Connecticut. His family announced his death on Saturday via his official social media page. “Last night, the world lost a radiant soul, a beacon of light on the stage and in life,” his family wrote in a statement. “FatMan Scoop was not just a world class performer, he was a father, brother, uncle, and a friend.” Born Isaac Freeman III, Fatman Scoop rose to fame with his 1999 hit “Be Faithful”, which experienced a resurgence in popularity in 2003. He was also a notable feature on several successful songs, including Missy Elliott's “Lose Control” in 2005 and Mariah Carey's “It’s Like That” that same year. His collaborations extended to other prominent artists like Pitbull, Whitney Houston, and Janet Jackson. He transitioned into radio and became a beloved personality, mentoring aspiring musicians on the U.K. TV show Chancers. He also competed in the U.K. version of Celebrity Big Brother in 2015. In a statement sent to TIME, Fatman Scoop’s talent agency, mn2ns, expressed their “heartbreak” over his passing, emphasizing the “indelible mark” his “iconic voice, infectious energy, and great personality” left on the music industry. Sharron Elkabas, the musician’s representative, shared that she had spoken to him just a few days prior to his death and found him to be in “good spirits.” Tributes from fellow artists and collaborators have poured in since the news of Fatman Scoop’s passing. Rapper Missy Elliott, writing on X (formerly Twitter), offered prayers to his family, saying, “Fatman Scoop VOICE & energy have contributed to MANY songs that made the people feel HAPPY & want to dance for over 2 decades. Your IMPACT is HUGE & will be NEVER be forgotten.” On Instagram, musician Questlove expressed gratitude to the rapper “for being an embodiment of what hip hop was truly about. To just forget about your troubles and live in the moment and allow joy in.” Prayers for Fatman Scoop family for STRENGTH during this difficult time🙏🏾 Fatman Scoop VOICE & energy have contributed to MANY songs that made the people feel HAPPY & want to dance for over 2 decades. Your IMPACT is HUGE & will be NEVER be forgotten..🕊️🙏🏾 — Missy Elliott (@MissyElliott) Rapper Lil Jon posted a video on his Instagram story of Scoop recording his verse on “Lose Control.” Producer Timbaland also shared a photo of Scoop holding an MTV Moonman award on Instagram, along with a caption expressing his “loss for words” and a string of white dove emojis.









