SINGAPORE, Sept 13, 2024 - (ACN Newswire via SeaPRwire.com) - Over three days from 11 to 13 September 2024, Taiwan Excellence Pavilion showcased Taiwan’s leading medical innovation and cutting-edge solutions, exemplifying the country’s commitment to advanced medical care at Medical Fair Asia 2024. Held at Marina Bay Sands Expo and Convention Centre, Taiwan’s representation was strong with a contingent of about 90 companies in three separate Taiwan pavilions - Taiwan Excellence Pavilion, Taiwan Pavilion and TMBIA Pavilion.From left to right: Mr. John Cheng, Head of Primary Care at Healthway Medical Group; Mr. Wen-Chung Wu, Director of Economic Division of Taipei Representative Office in the Republic of Singapore; Ms. Anna Wu, Director of Taiwan Trade Center Singapore (TAITRA); Mr. Chen-yuan Tung, Representative of the Taipei Representative Office in the Republic of Singapore; Mr. Daniel Lee, Chairman of Taiwan Medical and Biotech Industry Association; Ms. Chian-Huey Lin, Secretary General of Bureau of Industrial Parks, Ministry of Economic Affairs, and Ms. May Ng, Director, ARQon-Asia Regulatory and Quality Consultancy for Medical Device and Drugs, at the Taiwan Excellence Medical Industry Talk on 11 September 2024.Themed “Shaping the Future with Taiwan's MedTech Innovation” the Taiwan Excellence Pavilion covered three aspects of Taiwan’s medtech innovations - Diagnostic Innovations, Treatment Innovations, and Innovations in Telemedicine and Digital Health Platforms. Taiwan Excellence Pavilion provided 16 leading Taiwanese companies a platform to reach out not only their trading and medical technology partners in the region but also to fulfil their goal of assisting more people to lead longer, more meaningful and healthier lives with innovative technology.Taiwan Excellence Pavilion kicked off the three-day event with the Taiwan Excellence Medical Industry Talk on 11 September 2024. Among the leading Taiwanese companies, Acer Medical Inc., V5med Inc., Shennona Co. Ltd, Brain Navi Biotechnology Co., Ltd, and A Plus Biotechnology Co. Ltd., introduced their products and services and discussed the MedTech trends in Taiwan.Ms. Anna Wu, Director of Taiwan Trade Center Singapore (TAITRA) said, “Taiwan is a frontrunner in medical device innovation, spearheading breakthroughs that improve patient care and transform the healthcare landscape. Building on its expertise in the semiconductor industry, Taiwan has successfully applied advanced technologies and fostered a strong culture of innovation in the biomedical field. Being a part of Medical Fair Asia 2024 helps Taiwanese MedTech companies showcase Taiwan’s leadership in the area.”Mr. Daniel Lee, Chairman, Taiwan Medical and Biotech Industry Association provided an overview of the development of the Taiwan MedTech industry, “Singapore has always been a key partner for Taiwan in the region, with flourishing bilateral trade and technological cooperation. This presents vast opportunities for Taiwan and Singapore to collaborate in the field of smart healthcare, beyond trade, to include technology transfer, research and development, and joint promotion of medical innovations. Through this partnership, we can make transformative contributions to the global medical industry.”Through its participation in Medical Fair Asia, Taiwan Excellence aims to strengthen the enduring ties between Singapore and Taiwan, especially in the medical industry. In 2023, two-way trade between Singapore and Taiwan was worth US$39.2 billion, with Taiwan’s exports to Singapore reaching US$29.7 billion, making Singapore Taiwan’s fifth largest export market.“A key factor in Taiwan’s success in medical innovation is its collaborative ecosystem, where interdisciplinary partnerships between academia, industry, and medical institutions drive research and development. These alliances are central to the nation’s impressive strides in medical device innovation. Through this medical fair, our goal is to ensure that all our exhibitors form a deeper connection with the APAC market and we are looking forward to introducing more of the best of Taiwan’s MedTech to the larger industry and expanding to the other regions as well.” Ms. Wu added.Mr. Allen Lien, Chairman and CEO of Acer Medical Inc. and one of the exhibitors at Taiwan Excellence Pavilion, said, “We are thankful to Taiwan Excellence for giving us this platform to showcase our smart healthcare-related products at the region’s leading healthcare event. Over the three days, our products have garnered the interest of potential customers, and we had the opportunity to connect with our target customers and expand into new regions. We look forward to bringing more MedTech innovations to the next Medical Fair Asia.”Medical Fair Asia 2024 saw approximately 1,000 exhibitors from 45 countries and regions, 19 country pavilions, and 14,000 registered visitors over the three-day event.According to the Singapore Economic Development Board, it is foreseeable that the Asian MedTech market will overtake the EU as the second largest market globally. With Singapore strategically placed, MedTech companies are able to tap into regional resources with the country’s high-value MedTech manufacturing base, innovative R&D ecosystem and hub for new business model innovation, providing a platform for Taiwanese innovators to propel into the international MedTech market.About Taiwan Excellence:The Taiwan Excellence Award was established in 1993 by Taiwan’s Ministry of Economic Affairs (MOEA) with the aim of recognising outstanding products from Taiwan. Products shortlisted for the annual award are proudly made in Taiwan and are judged on their R&D, Design, Quality and Marketing with a key emphasis on Innovative Value. The products that passed the stringent selection process proudly wears the mark and are promoted in the domestic and international markets to strengthens Taiwan’s reputation as the hub of innovation.Media Contact:PRecious Communications for Taiwan ExcellenceTel: +65 6303 0567Email: taitra@preciouscomms.comOrganized by:International Trade Administration (TITA), MOEAThe International Trade Administration (TITA) is responsible for implementing policies and regulations governing foreign trade and economic cooperation. Its primary duties currently include participating in the activities of international economic and trade organizations and enhancing bilateral trade relations.Taiwan External Trade Development Council (TAITRA)Founded in 1970 to help promote foreign trade, the Taiwan External Trade Development Council (TAITRA) is the foremost non-profit, semi-governmental trade promotion organization in Taiwan. Jointly sponsored by the government, industry associations, and several commercial organizations, TAITRA assists Taiwanese businesses and manufacturers with reinforcing their international competitiveness and in coping with the challenges they face in foreign markets. TAITRA boasts a well-coordinated trade promotion and information network of over 1,300 international marketing specialists stationed throughout its Taipei headquarters and 62 overseas offices worldwide. Copyright 2024 ACN Newswire via SeaPRwire.com.

BANGKOK, Sept 13, 2024 - (ACN Newswire via SeaPRwire.com) - Sukhothai (pronounced Su Ko Tai) is renowned as one of Thailand's 76 provinces, nestled in lower northern Thailand. Translating to "dawn of happiness," Sukhothai serves as the muse for our newly unveiled spa, The Sukhothai Spa, where ancient Sukhothai-style culture is artfully infused into our design and ambiance. Here, we invite guests and members on a journey to a tranquil, spiritual, and soothing haven-a serene escape for relaxation and rejuvenation, with nature's embrace as our guiding force.The Sukhothai Spa at The Sukhothai BangkokFacade entrance at The Sukhothai SpaAlexander Schillinger, General Manager of The Sukhothai Bangkok, shares the inspiration behind The Sukhothai Spa's creation. The discovery of over 7,000 square meters of lush gardens adjacent to the hotel sparked the vision to provide guests with a spa experience immersed in the harmonious embrace of nature at the heart of bustling Bangkok. Collaborating with leading design and architecture firms, we transformed this vision into reality. By strategically positioning the main building to capture captivating views of lush greenery and incorporating traditional Thai houses as iconic landmarks, we've elevated the overall guest experience.Landscape Architecture Design Concept:The Sukhothai Bangkok's design team seamlessly blends Thai architecture and landscape design, creating an architectural gem that mirrors the ambiance of a hidden village within a lush garden. Drawing inspiration from Wat Sri Chum, a revered temple, our design integrates elements that capture the temple's grandeur, offering guests a delightful surprise with every exploration of the hotel grounds.Concept of the Treatment Rooms:Hammam: The Hammam welcomes guests with warm-toned materials, including a traditional wooden Thai door adorned with elegant bronze handles. Luxurious green natural stone finishes on hammam beds evoke serenity and harmony with nature. The two-step recessed ceiling pays homage to Wat Sri Chum, creating a captivating focal point. Terracotta mosaic tiles in the wet zone symbolize the texture of a lotus leaf, enhancing the room's symbolism and elegance.Hammam Room: Inspired by Middle Eastern and North African bathing rituals, our Hammam Room offers a bespoke and private experience promoting physical cleansing, relaxation, and well-being.Treatment Room: Located on the second floor, the treatment rooms embrace a simple and direct representation of Thai architecture. Bright and relaxed, with a 'Pra-Kon' wall pattern representing the Thai house, the space exudes contemporary beauty. High ceilings and curved shapes add delicacy and softness, complemented by a jacuzzi tub using terrazzo and light mosaic.Our extensive array of services includes massage therapy, beauty treatments, hammams, yoga, Pilates, meditation classes, personalized nutrition advice, and fitness training. The in-house facilities, such as a salt-water lap pool, hot tubs, saunas, steam rooms, a state-of-the-art technology facial room, and dedicated spaces for yoga, Pilates, and meditation, further enhance the guest experience.The Sukhothai Spa is an urban oasis, a sanctuary dedicated to wellness. Our spa meticulously combines traditional, result-driven, and modern practices from diverse cultures to provide a comprehensive range of treatments. Designed as a retreat from city life, our spa features hand-picked, highly trained professionals committed to delivering personalized attention, setting The Sukhothai Spa apart in the realm of wellness.Treatments:The Royal Remedies: Thai traditional practice and philosophyResult-driven Face & Body Treatments: Utilizing highly concentrated active ingredientsFace, Rituals and Bath: Organic, nature, and holistic approachTurkish Ceremony & MassagePEDI: MANI: CURE STUDIO by Bastien Gonzalez - FranceIV Cocktail, Wellness, Anti-aging, Stem cell Clinic by Miskawaan (open in late Q3)Signature treatments:1. The Sukhothai Signature Massage (60/90/120 minutes)Experience a harmonious blend of soothing and invigorating massage techniques with The Sukhothai Signature Massage. Rooted in the ancient wisdom of Oriental energy meridians, this massage uses a skillful combination of calming kneading and rejuvenating stretching. It's designed to alleviate stress, enhance flexibility, and promote a profound state of relaxation throughout the central nervous system.2. Gua Sha Lifting Facial (90 minutes)This facial rejuvenates the skin through the ancient art of Gua Sha, enhanced with protein-rich caviar for a visibly firmer, contoured, and glowing complexion. Expert massage techniques using specialized jade tools stimulate lymphatic drainage, release toxins, improve circulation, and enhance natural hydration. Botanical essences nourish, replenish, and fortify the skin. This comprehensive treatment releases tension, reduces puffiness, and enhances clarity, leaving the face, neck, and décolleté visibly smoother, tighter, and more radiant.3. Ginger Renewal Ritual (150 minutes)Ginger's healing and warming properties invigorate and nourish the skin. Begin with a detoxifying dry brush, followed by a relaxing full-body massage with warm stones and a body wrap.4. Bastien's DUO (75 minutes)This synchronized four-hands treatment focuses on your feet, legs, hands, and arms, offering the ultimate in manicure and pedicure luxury with complete relaxation.Products:Biologique Recherche - FrancePEDI: MANI: CURE STUDIO by Bastien Gonzalez - FranceMoringa Projects - ThailandKerstin Florian - USACharme d'Orient - FranceMiskawaan Clinic - ThailandFor discerning health and wellness enthusiasts seeking an escape from bustling city life, The Sukhothai Spa is the ultimate solution.Media Contact:Chutima Limpasurat - Director of Marketing CommunicationsThe Sukhothai BangkokTel: +662 344 8888 ext. 8671Email: chutima.l@sukhothai.comWebsite: https://www.sukhothai.com/bangkok/enAbout The Sukhothai Bangkok - The Sukhothai Bangkok, a 210-room gem and a proud member of the Small Luxury Hotels of the World, continues to garner accolades. Offering Thailand's epitome of luxury, our ancillary facilities include a spa, a gym, and a 25-meter outdoor swimming pool. With modern meeting spaces and exceptional culinary encounters, we proudly stand as one of the Kingdom's premier hospitality brands. Explore more at https://www.sukhothai.com/bangkok/enContact InformationChutima LimpasuratDirector of Marketing Communicationschutima.l@sukhothai.com+66 2 344 8888Related FilesTSB Spa Menu-SEP2024-TreatmentThe Sukhothai Spa Fact Sheet ENGSOURCE: The Sukhothai Bangkok Copyright 2024 ACN Newswire via SeaPRwire.com.

SINGAPORE, Sept 13, 2024 - (ACN Newswire via SeaPRwire.com) - Submarine Networks World, the world’s largest annual gathering for subsea communications leaders, will once again convene in Singapore on September 25 and 26. Now in its 27th edition, Submarine Networks World is established as the flagship annual event for the industry.Over 900 attendees from cable owners, cable operators, consortium members, solution vendors, technology innovators, consultants and service providers will meet at Suntec Convention & Exhibition Centre to reconnect, discover the latest trends and opportunities in the subsea communications landscape and chart the path forward for current and future cables that keep the world connected.“Subsea communications infrastructure is absolutely critical to the way we live and work, so this event really is vital to the future of global connectivity. Once again, we’ve assembled a ‘who’s who’ of leaders to share their insights and the exhibition floor is packed with solutions that can help drive progress. We can’t wait to welcome this community back to Singapore later this month for our biggest ever edition of Submarine Networks World.” says Paul Clark, Managing Director - Asia for Terrapinn.More than 60 sponsors, exhibitors and partners will be showcasing their latest products, solutions and services including Title Sponsor Infinera, Platinum Sponsor Ciena and Gold Sponsors ASN, Digital Realty, Fugro, HMN Tech, Mobily and Telecom Egypt.130 subsea leaders from every inhabited continent will be speaking onstage across five different theatres (Strategy, Cable, Data Centres & CLS,Operations & Maintenance, and Network) alongside blockbuster keynote sessions each morning. Speakers include:Herbert Xiong, Head of Submarine Cables Infrastructure, China Mobile InternationalBevan Slattery, Founder, SUBCOSonia Jorge, Founder & Executive Director, Global Digital Inclusion Partnership (GDIP)Julio Bran, CEO, Trans Americas FiberNigel Bayliff, Senior Director, Global Submarine Network, GoogleAlpheus Mangale, Group CEO, SEACOMUbaid Younus, Network Investment Manager, APAC, MetaJim Fagan, CEO, EXA InfrastructureAileen Chia, Director-General, Telecoms & Post and Deputy Chief Executive, Connectivity Development & Regulation, IMDAMamy Traore, CEO, GUILABFor event information and full conference agenda, visit www.terrapinn.com/SNW2024PRESS.About Submarine Networks World 2024Submarine Networks World 2024 will take place on 25 - 26 September 2024 at Suntec Convention & Exhibition Centre in Singapore. Firmly established as the world’s largest annual gathering of the global subsea communications community, Submarine Networks World is the dedicated platform to exchange knowledge, explore the latest projects, develop strategies and form lucrative new partnerships to drive the industry forward.About TerrapinnTerrapinn has been sparking ideas, innovations and relationships that transform business for over 30 years. Using our global footprint, we bring innovators, disrupters and change agents together, discussing and demonstrating the technology, strategies and personalities that are changing the way the world does business. Whether you’re looking to make new connections, introduce a product or inspire change in your industry, we invite you to join us as agitators of change. Terrapinn – spark something.Media contact:Hairol SalimHairol.salim@terrapinn.com Copyright 2024 ACN Newswire via SeaPRwire.com.

- The ninth edition of the Belt and Road Summit, co-organised by the HKSAR Government and the HKTDC successfully concluded today after a two-day run- 90+ key government and business leaders from Belt and Road countries and regions explored opportunities as the Belt and Road Initiative (B&RI) enters the next golden decade- 280+ matched investment projects and 800+ one-to-one project matching meetings were arranged, positioning Hong Kong as a key dealmaker in the regionHONG KONG, Sept 13, 2024 - (ACN Newswire via SeaPRwire.com) - The 9th Belt and Road Summit, co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), successfully concluded today, attracting over 90 key government and business leaders from Belt and Road countries and regions.Over 6,000 business participants from over 70 countries and regions explored opportunities, as the Belt and Road Initiative (BRI) enters the next golden decade. A total of record-high 25 Memoranda of Understanding (MoUs) were signed, demonstrating Hong Kong's role as super value-adder, successfully connecting people, information and capital.Facilitating global business opportunitiesThe 25 MoUs signed, including 4 G2G and 21 B2B, involving government bodies and companies from Hong Kong, Mainland China, ASEAN - Indonesia, Malaysia, Vietnam - and the Middle East - Bahrain, Kuwait, the United Arab Emirates - Kazakhstan and more.Following the HKSAR Chief Executive John Lee's mission to Laos, Cambodia and Vietnam with a business delegation and the mainland-Hong Kong visit to Hungary and Kazakhstan, these MoUs strengthened ties between Hong Kong and Belt and Road countries and regions.Among the 4 G2G MoUs, one was signed between the HKTDC and the Ministry of Commerce of Cambodia, an extension of the fruitful visit by the Hong Kong delegation to Cambodia in July. The MoU aims to establish a framework to promote bilateral trade and economic cooperation, particularly within the BRI. The areas of cooperation include facilitating trade missions and business matching between Cambodian and Hong Kong companies as well as promoting Hong Kong's advantages to Cambodian businesses.Among B2B MoUs, Farmacy International Pty Ltd from Hong Kong and FutureBright Society Enterprise Pty Ltd from Australia announced a strategic joint venture, Farmacy ANZ, that aims to drive sustainability in agricultural innovation and develop scalable green food networks across Australia and New Zealand.Raymond Mak, Co-Founder of Farmacy, stated: “Our technology is set to be a game-changer, contributing to a sustainable future for communities in Australia and New Zealand. The joint venture will also launch projects that are aligned with Belt and Road green initiatives, focusing on sustainable agriculture and conservation.”Michael Chan, Director of FutureBright, said: “The Belt and Road Summit provides a crucial platform for forging international partnerships that promote sustainable growth and innovation. Through this joint venture, Farmacy and FutureBright can attract investment and support for green technologies, advancing our shared vision of sustainable urban development and contributing to the broader goals of the Belt and Road Initiative.”State-Owned Enterprise of Indonesia - Perumda Varia Niaga Samarinda, LINKTA Technologies Holdings Limited from Indonesia and Rainmaker Ventures Holdings Limited from Hong Kong signed an MoU on strategic cooperation for technology investment to develop smart chicken farms and agriculture in Nusantara, Indonesia’s new capital region.Zoe Zhao, Founder and CEO of Rainmaker Ventures, said: “We as a venture capital firm from Hong Kong with exposure in Mainland China and Southeast Asia are keen to showcase our sustainable technologies portfolios and connect with other potential business partners, project owners and government connections as a process of venture-building. We expect to strengthen ties with our existing connections around the world with this global event in Hong Kong and explore new opportunities for emerging businesses and investments in Southeast Asia, demonstrating the impact brought by Brand Hong Kong sustainable technologies.”Over 280 investment projects matchedThe Summit’s offering of investment and business matching services received an overwhelming response with over 280 investment projects matched and more than 800 project matching meetings taking place, positioning Hong Kong as a key deal-maker in the region. These sessions focused on four main areas: (1) energy, natural resources and public utilities; (2) innovation and technology; (3) urban development; and (4) transport and logistics infrastructure. Following the physical Summit, business matching meetings will be conducted online on 16 and 17 September.The Summit once again featured an exhibition area showcasing more than 110 exhibitors, including a dedicated zone jointly organised by the Ministry of Commerce of the People's Republic of China and the HKTDC. This dedicated zone for mainland trade and services was set up with more than 50 trade and service enterprises from Beijing, Tianjin, Shanxi, Shanghai, Shandong, Hubei, Guangdong and Shaanxi, which highlighted innovative achievements in areas, such as greentech, culture and creativity, cross-border e-commerce, cloud services and big data.Heavyweight speakers delivered keynote addressYesterday’s Keynote Luncheon featured a welcome address by Paul Chan, Financial Secretary of the HKSAR Government, opening remarks by Chen Liang, Chairman of the Board of Directors and Chairman of the Management Committee of China International Capital Corporation Limited, and a keynote speech by Dilma Rousseff, President of New Development Bank.Dilma Rousseff said: “For developing countries, industrialisation is crucial and, to achieve it, they must undergo a process of catching up. In this context, innovation is the key to drive high productivity, which in turn creates better jobs and lays the foundation for inclusive and sustainable growth. Without international cooperation, closing this gap is extremely difficult. The Belt and Road Initiative stands out as a most relevant long-term financing and investment platform for green development, for sharing technologies, building capacities, digitalisation and connectivity.”Opportunities in the Middle East and emerging marketsA highlight of this year’s Summit was the Business Plenary today, themed Tapping the Markets of New Opportunities. The session was moderated by Ronnie C. Chan, Honorary Chair of Hang Lung Properties Limited. H.E. Mohamed Abduljabbar Alkoheji, Second Vice Chairman of the Bahrain Chamber of Commerce & Industry; Bonnie Y Chan, CEO of Hong Kong Exchanges and Clearing Limited; Peter Fekete, Group CEO of 4iG; Eric Ip, Group Managing Director of Hutchison Port Holdings Limited; and Dato Paduka Iqbal Khan, CEO of Fajr Capital, discussed emerging opportunities in the Middle East and other markets along the Belt and Road.Summit aligns with eight major stepsFollowing President Xi Jinping’s eight major steps announced last year in support of high-quality Belt and Road cooperation, the Summit launched two thematic breakout sessions, titled Multi-dimensional Connectivity under the Belt and Road Initiative and People-to-People Exchanges through Business and Cultural Collaboration.The first session featured discussions among scholars and experts from the shipping, port, airport, logistics and trade sectors, focusing on the progress and potential for connectivity within transport networks. The second session explored how economic collaboration and cultural exchanges can enhance mutual understanding and foster friendly relations among countries and regions along the Belt and Road.As part of Belt and Road Week, the Belt and Road Global Forum Annual Roundtable will take place tomorrow, during which Forum members exchange views on the latest BRI developments and seize collaboration opportunities.Photo download: https://bit.ly/4e1gbqBThe 9th Belt and Road Summit, co-organised by the HKSAR Government and the HKTDC successfully concluded today after a two-day run. The event attracted over 90 key government and business leaders from Belt and Road countries and regions; and over 6,000 business participants from over 70 countries and regions explored opportunitiesAmong 25 MoUs signed during the Summit, one of them was signed between the HKTDC and the Ministry of Commerce of Cambodia, an extension of the fruitful ASEAN visit by the Hong Kong delegation in July. In addition, the HKTDC has signed a joint action plan on professional services with the Shanghai Municipal Commission of CommerceToday’s Business Plenary, themed Tapping the Markets of New Opportunities, discussed emerging opportunities in the Middle East and other markets along the Belt and RoadDilma Rousseff, President of New Development Bank, delivered a keynote speech during yesterday’s Keynote LuncheonThe Summit once again featured an exhibition area showcasing more than 110 exhibitors, including a dedicated zone jointly organised by the Ministry of Commerce of the People's Republic of China and the HKTDC. This dedicated zone for mainland trade and services was set up with more than 50 trade and service enterprisesOver 280 investment projects were matched, and more than 800 one-to-one project matching meetings took placeThe debut Green Chapter highlighted Hong Kong’s advantages in green developmentMedia enquiriesYuan Tung Financial Relations:Anson WongTel: (852) 3428 3413Email: awong@yuantung.com.hkLouise SongTel: (852) 3428 5691Email: lsong@yuantung.com.hkHKTDC’s Communications & Public Affairs Department:Clayton LauwTel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgAgnes WatTel: (852) 2584 4554Email: agnes.ky.wat@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.comAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.

Kuala Lumpur, Sept 12, 2024 - (ACN Newswire via SeaPRwire.com) — CBL International Limited (NASDAQ: BANL) (the “Company” or “CBL”), the listing vehicle of Banle Group (“Banle” or “the Group”), a leading marine fuel logistic company in the Asia-Pacific region, today announced its unaudited financial results for the six months ended June 30, 2024.Financial Highlights:- Revenue: Consolidated revenue for 1H 2024 increased by 44.4% to approximately $277.23 million, compared to $191.96 million in the same period in 2023. This significant growth was driven by a 39.4% year-over-year increase in sales volume, attributed to the expansion of the Company's global supply network and higher marine fuel demand due to geopolitical factors.- Gross Profit: Gross profit for the period was approximately $2.72 million, a decrease of 32.2% compared to $4.01 million for 1H 2023. This decline was primarily driven by the reduction in premium sold to customers and led to lower gross profit per ton, which was partially offset by an increase in volume sold.- Operating Expenses: Operating expenses rose by 64.0% to approximately $4.12 million, up from $2.51 million in 1H 2023. This increase was attributed to higher selling and distribution expenses related to our sales growth, strategic expansion in the Company's supply network to new geographic areas, and the development of our biofuel operations.- Net Income: The company reported a net loss of approximately $1.62 million, compared to a net income of $1.15 million in 1H 2023. The loss was driven by lower gross margin and higher operating costs.- Cash Flow: Net cash provided by operating activities was approximately $2.30 million, a significant improvement from a cash outflow of $7.24 million in 1H 2023, reflecting better management of working capital.- Cash position: As of June 30, 2024, Banle's consolidated cash balance increased by approximately $2.29 million, or 30.9%, to $9.69 million, compared to $7.40 million as of December 31, 2023. This increase was primarily driven by improved working capital management. The Company also reported a significant increase in accounts receivable and accounts payable balances, reflecting the growth in its sales activities.Operational Highlights:- Global Network Expansion: As of June 30, 2024, Banle expanded its global service network from 36 ports at our IPO in March 2023 to over 60 ports across Asia, Europe and Africa. This strategic expansion has enabled the Company to secure new bunkering business opportunities, particularly in European markets where environmental regulations are increasingly stringent. The opening of the Company's new office in Ireland in late 2023 has bolstered our market coverage and enhanced local sourcing capabilities. Notably, the Company completed inaugural bunkering services through a local physical supplier in Mauritius in May 2024, further strengthening our market presence.- Biofuel Initiatives: Banle continued its commitment to sustainability by expanding its B24 biofuel operations, obtaining ISCC EU and ISCC Plus certifications in 2023. The Company successfully commenced biofuel bunkering services through local physical suppliers in Hong Kong, China, and Malaysia, positioning itself as a pioneer in sustainable fuel solutions. The B24 biofuel blend, which includes 24% UCOME (used cooking oil methyl ester), offers a 20% reduction in greenhouse gas emissions compared to conventional marine fuels, aligning with global decarbonization efforts.- Response to Macroeconomic Environment: The global economy has shown signs of moderate growth in 2024, with emerging markets, particularly in Asia, driving this recovery. However, the shipping industry continues to face challenges such as fluctuating freight rates, port congestion, and disruptions in major trade routes due to the ongoing Red Sea Crisis. Banle has proactively adapted to these conditions, coordinating increased fuel supplies in Asian ports to meet heightened demand, ensuring that our customers' needs are met despite logistical challenges​​.Management Commentary:“We are pleased with the robust growth in our revenue and sales volume during the first half of 2024, despite the challenging market conditions. Our strategic initiatives, including the expansion of our service network and our focus on sustainable fuel solutions, have positioned us well to navigate these challenges and capitalize on emerging opportunities,” said Teck Lim Chia, Chairman & CEO of Banle Group. “While the current market environment has pressured our margins, we remain confident in our long-term strategy and our ability to deliver value to our shareholders.”Outlook:Looking ahead, Banle remains focused on expanding its market presence, particularly in the biofuel sector, and continuing to enhance its global supply network. The Company is committed to driving operational efficiency and delivering sustainable growth in the face of ongoing macroeconomic challenges.Webcast DetailsCBL International Limited (Nasdaq: BANL) cordially invites you to participate in a webcast to discuss its financial results for the six months ended June 30, 2024.Event:2024 Interim Results WebcastDate and Time:10:00 am – 11:00 am HKT on 13 September 2024 (Friday) 10:00 pm – 11:00 pm EST on 12 September 2024 (Thursday)Access:The webinar can be accessed live through the website or by scanning the QR code provided below.Webcast Link:https://webcast.roadshowchina.cn/SHMrSGhud1hrRTZTNmRkZ0dMb09Hdz09QR Code: About the Banle GroupCBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in over 60 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam, as of August 28, 2024. The Group actively promotes the use of sustainable fuels and is awarded with the ISCC EU and ISCC Plus certifications.For more information about our company, please visit our website at: https://www.banle-intl.com.Forward-Looking StatementsCertain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan,” “should,” “would,” “plan,” “future,” “outlook,” “potential,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of BANL’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of BANL. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, markets, financial, political and legal conditions, geopolitical disruptions and other events that result in material changes in fuel prices. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.For more information, please contact:CBL International Limited Email: investors@banle-intl.comStrategic Financial Relations LimitedShelly Cheng Tel: (852) 2864 4857Iris Au Yeung Tel: (852) 2114 4913Email: sprg_cbl@sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.

Final approval from State of Utah, Department of Natural Resources, Division of Water Rights,First State of Utah approval related to large scale lithium production at Green River,The approval process confirms the water resources and surrounding areas will not be negatively affected by brine extraction.NEWPORT BEACH, CA, Sept 13, 2024 - (ACN Newswire via SeaPRwire.com) - Anson Resources Limited (ASX:ASN) ("Anson Resources" or "the Company") is pleased to announce that today the State of Utah, Department of Natural Resources, Division of Water Rights (the Division) confirmed approval giving A1 Lithium the right to extract brine at its Green River, Utah lithium project. This is a key step required for A1 Lithium to produce environmentally-friendly clean lithium to supply the United States and is vital to expanding the Country's domestic supply for the transition to electric vehicles and the decarbonization of the US economy. Importantly, the project will have a substantial positive impact on the local economy providing well-paying full-time jobs and contributing millions in taxes.Given the state's vast resource and mining-friendly environment, Utah has potential to become the largest clean lithium producer in the USA. A1 Lithium estimates initial phase 1 annual production of approximately 10,000 tons of lithium carbonate, enough to power 250,000 electric vehicles a year. "Utah likely holds one of the largest economic lithium resources in the USA and can become the Texas of the electric vehicle era. A1 Lithium's project could make Utah the largest producer of clean lithium in the country." Said Greg Knox Senior Geologist for A1 Lithium. Brian Somers, President of the Utah Mining Association said "Utah potentially has the largest economic lithium resource in the US located in the Paradox Basin and is currently one of only two states producing lithium. Utah holds the potential to be the largest producer of lithium in the country and we need projects like A1 Lithium's to achieve that goal."The construction of the project will directly employ up to 500 local jobs and ongoing operations have the opportunity to reintegrate the Green River community. "A1 Lithium's project will directly provide 60 high-paying full-time jobs for people in the Southern Utah community and can potentially create an additional 58 jobs in order to support the local community's economic growth. This project can restore the prosperity of Green River that was lost when the mining industry and military left in the 1960's and 1970's. It will be transformational for our community" said Mayor of Green River Utah, Ren Hatt.The process A1 Lithium employs to extract lithium is an advanced technology called Direct Lithium Extraction (DLE) which is an environmentally responsible and sustainable approach. In fact, its unique aspects will help qualify the project as one of the cleanest and greenest sources of lithium in the world. The process uses dramatically less water than other lithium mining methods, produces significantly less carbon dioxide than hard rock mining and brine evaporation ponds, efficiently utilizes existing structures and land to reduce its footprint, and employs a closed loop process to ensure the efficient use of resources. Michael Swenson, a local consultant who was raised in Emery County noted "Clean domestically sourced lithium for EVs presents the single greatest opportunity to reduce the emissions from vehicles along the Wasatch Front. We should embrace this opportunity to use Utah lithium to improve Utah air, improve rural economies, and provide greater opportunities to live in rural communities like Green River."A1 Lithium's Green River lithium project is key to the US becoming independent of China's dominance in the battery supply chain. "If the U.S. is going to compete in the global minerals race, we must support the responsible use of our vast domestic resources such as those found in the Paradox Basin. With a proposed extraction process that is specifically designed to minimize impacts to the environment and recycles 95 percent of water used, A1 Lithium demonstrates why mined-in-America projects ensures that the U.S. supply chain start with minerals that are produced at the highest standards in accordance with the world's top environmental, labor and safety criteria." Rich Nolan, President and CEO, National Mining AssociationA1 Lithium's President, Bruce Richardson commented, "This approval to extract brine is significant as it is the first granted to a company by the State of Utah for the processing of brine for lithium extraction at Green River and reflects the quality of our project, our partners and our community support. Importantly, the Utah Department of Environmental Quality recently approved a underground injection control well for A1 which demonstrates that there is no connection between the brine that A1 Lithium intends to extract and surface waters including rivers and underground sources of drinking water. The process we have chosen to extract lithium returns the waste brine to the same formation from which it is extracted and is therefore a non-consumptive process, unlike evaporation ponds. This process has less impact upon the environment, which is one of our key objectives."Will MazeHead of Investor RelationsE: investors@ansonresources.comPh: +61 7 3132 7990SOURCE: Anson Resources Copyright 2024 ACN Newswire via SeaPRwire.com.

HONG KONG, Sept 12, 2024 - (ACN Newswire via SeaPRwire.com) - Themed "Collaborative Innovation: Chasing Dreams in the Greater Bay Area", the "Union of Chinese Contemporaries" 2024 Summit of young entrepreneurs from Macao, Guangdong, Hong Kong and Taiwan (the "Summit") opened in Hong Kong yesterday. Vice Chairman of the Chinese People's Political Consultative Conference Leung Chun-ying, Chief Executive of the Hong Kong Special Administrative Region John Lee Ka-chiu, Chairman of the Guangdong Provincial Committee of the Chinese People's Political Consultative Conference and Party Secretary of Guangzhou Lin Keqing, Deputy Director of the CPPCC Hong Kong, Macao and Taiwan Overseas Chinese Committee Wang Rong, Vice director of the Taiwan Work Office of the Communist Party of China Central Committee and the Taiwan Affairs Office of the State Council Pan Xianzhang, Vice Chairman of the Kuomintang Lien Sheng-wen, Director of the Sun Yat-sen Foundation Tang Bingquan, President of the Hong Kong Guangdong Chamber of Foreign Investors Stephen Tai Tak-fung attended and spoke at the opening ceremony.Other officiating guests included Director of the Liaison Office of the Central People’s Government in the HKSAR Zheng Yanxiong, Commissioner of the Ministry of Foreign Affairs in the HKSAR Cui Jianchun, Vice Governor of Guangdong Province Deng Haiguang, Secretary for Constitutional and Mainland Affairs of HKSAR Erick Tsang Kwok-wai, Secretary for Home and Youth Affairs of the HKSAR Alice Mak,Secretary of the Guangdong Provincial Committee Chen Wenming, Vice chairman of Straits Economic and Cultural Interchange Association Chu Ping-yu, President of Macau Youth Entrepreneur Association Li Juren, Honorary Chairman of Association of Taiwan Investment Enterprises on the Mainland Kuo Shan Huei KUO, Chief President of The Association of the Hong Kong Members of Guangdong's CPPCC Committees Eric Fok Kai-shan, Founder and executive vice chairman of Hong Kong Guangdong Youth Association Adam Kwok Kai-fai, Executive Vice President of the Hong Kong Guangdong Chamber of Foreign Investors, Vice President of The Association of the Hong Kong Members of Guangdong's CPPCC Committees Liu Yi Man.In his speech, Leung Chun-ying, Vice Chairman of the Chinese People's Political Consultative Conference, discussed the recent close collaboration between Hong Kong and the Mainland, and highlighted the advantages of Hong Kong in aiding the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area (“Greater Bay Area”), emphasizing the importance of leveraging the city's role as an international hub for finance, shipping and trade, and using her strengths in talent, language, legal frameworks, institutional systems, taxation, finance, and international market promotion. He said Hong Kong will play a significant role in the development of the Greater Bay Area. He also hoped for future opportunities to engage with young entrepreneurs from the mainland and other regions, and to encourage young people to seize the great opportunities for national rejuvenation and work together to create a brighter tomorrow.John Lee Ka-chiu, Chief Executive of the Hong Kong Special Administrative Region, said in his speech, "The Summit today presents an important platform for cooperation and exchanges among outstanding young entrepreneurs from both sides of the Taiwan Strait, as well as from Hong Kong and Macao, facilitating and promoting mutual learning and understanding, which is of great significance. The Hong Kong SAR Government has been actively encouraging youth innovation and entrepreneurship, motivating young entrepreneurs to pursue their dreams and realize their ambitions in the Greater Bay Area. The Pearl River Delta region has been a key area for Taiwanese enterprises to expand their business in the Mainland, and many Taiwanese businesses have already integrated into the local industrial chains. I hope young entrepreneurs on both sides of the Taiwan Straits will seize the opportunity for achieving high-quality development through collaboration in the Greater Bay Area, work diligently, innovate boldly, and make new milestones in their careers."Lin Keqing, chairman of the Guangdong Provincial Committee of the Chinese People's Political Consultative Conference and Party secretary of Guangzhou, commended the success of the exchange meeting. He said this year marks the fifth anniversary of the implementation of the "Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area" and that in the past five years, under the strong leadership of the central government, Guangdong, Hong Kong, and Macao have pursued synergistic innovation, complementing each other's strengths. The Greater Bay Area has witnessed a surge of creativity, showing the vast potential of growing into a world-class bay area. The Third Plenary Session of the 20th Central Committee of the Communist Party of China has established systematic arrangements to comprehensively deepen reforms and such developments are bringing new and significant opportunities for Hong Kong and Macao to better integrate into overall national development, injecting fresh momentum into expanding cross-strait cooperation and exchanges, helping deepen cross-strait integration and development. Currently, Guangdong is studying and implementing the spirit of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, as well as the instructions in the important speeches of General Secretary Xi Jinping during his inspection of Guangdong. Construction of the Greater Bay Area presents the country with a significant opportunity for deepening reform and opening up, serving as a source of her high-quality development. Lin expressed hope that young entrepreneurs from Hong Kong, Guangdong, Macao, and Taiwan will actively seize the new major opportunities arising from the development of the country, better integrate into her new round of reform and opening up, and collaborate to create a vibrant chapter of pursuing dreams in the Greater Bay Area, achieve their aspirations and contribute to the bright future of national reunification and the great glory of national rejuvenation.In his speech, Wang Rong, Deputy Director of the CPPCC Hong Kong, Macao and Taiwan Overseas Chinese Committee, emphasized that in recent years, collaborative innovation between Guangdong, Hong Kong, and Macao has deepened significantly, and that technological innovation has driven industrial advancement, leading to the emergence of new industries, new models, and new momentum, which in turn has fostered new forms of productivity. The Greater Bay Area has become a rising global hub for innovation and growth, and the innovative development of the Greater Bay Area has attracted active participation of many Taiwanese entrepreneurs. In doing so, they are integrating into the new wave of national reform and opening up, as well as the process of Chinese-style modernization, helping create new opportunities for integrated development across the Taiwan Strait.In his speech, Lien Sheng-wen, Vice Chairman of the Kuomintang emphasized the infinite potential and charm of the Greater Bay Area. He believes the accumulation of talent pool in the Greater Bay Area is not limited to those from such fields as finance, trade, tourism, technology or industry, but also includes many other talent in the three places. More importantly, many young entrepreneurs dream about starting from scratch in the Greater Bay Area, investing in innovation and entrepreneurship, and ultimately creating outstanding enterprises.In his speech, Tang Bingquan, Director of the Sun Yat-sen Foundation, said, "The Greater Bay Area currently embodies boundless business opportunities and vast prospects. I hope through this year’s Summit, the young entrepreneurs from Guangdong, Hong Kong, Macau and Taiwan will see the new dynamics, new opportunities and information networks in the developing Greater Bay Area, and gain confidence in working together to foster innovative growth of the Area. I also hope to encourage more innovative enterprises and entrepreneurs to integrate and invest in the Greater Bay Area, and jointly build a world-class international bay area."Stephen Tai Tak-fung, President of the Hong Kong Guangdong Chamber of Foreign Investors, Founding Chief President of The Association of the Hong Kong Members of Guangdong's CPPCC Committees, pointed out that the theme of this year's Summit, which is "Collaborative Innovation: Chasing Dreams in the Greater Bay Area", is in line with the spirit of the Third Plenary Session and of essence to the construction of the Greater Bay Area. He said the Greater Bay Area is a major national strategy personally planned, deployed, and promoted by General Secretary Xi Jinping, and has an important strategic position in the new development pattern of the country. He thus hopes young entrepreneurs can make the best of the platform the exchange meeting provides to deepen mutual cooperation, give full play to their advantages and make greater contributions to the high-quality development of the country.Li Juren, President of Macau Youth Entrepreneur Association, said for young entrepreneurs from the four regions, it is a responsibility to anchor in the Greater Bay Area, which gives them a rare opportunity to integrate their strengths with those of the country to help her rejuvenate. He expects young entrepreneurs from various regions to learn from and inspire each other, drawing on and complementing each other's strengths. Through innovative cooperation, he aims to promote in-depth integration of urban agglomerations in the Greater Bay Area and together with all parties involved map out a grand blueprint for regional development.Deng Daixian, Secretary General of Taiwan Straits Economic and Cultural Interchange Association, believes economic, trade and cultural ties are crucial to connecting the two sides of the Taiwan Strait. Division of labor and cooperation along industrial chains and comprehensive economic integration and development are in the common interest of enterprises and people from the four regions cross-strait. He hopes young entrepreneurs from Guangdong, Hong Kong, Macao and Taiwan can collaborate to complement each other's strengths, establish a comprehensive exchange and cooperation platform, and open a broader and brighter future for themselves by tapping the development momentum of the Greater China Economic Area.This year's Summit gathered more than 400 young entrepreneurs from the two sides of the Taiwan Strait and the Hong Kong and Macau regions in Hong Kong to discuss cooperative development. It was an opportunity to establish an exchange and cooperation platform for promoting complementary advantages among the four regions, strengthening regional cooperation, and driving economic development in the Greater Bay Area. Representatives of young entrepreneurs from Guangdong, Hong Kong, Macau, and Taiwan took part in the afternoon enterprise forums and roundtable dialogues, engaging in enthralled discussions and exchanges on popular topics such as digital intelligence and modern finance, sharing their work experiences and unique insights about their industries.The Summit also arranged visits the following day for the participating young entrepreneurs to Hong Kong's landmarks in finance, innovation and technology, culture and art, including the HKMA Information Centre, the Stock Exchange of Hong Kong, Cyberport, West Kowloon Art Park, and the Palace Museum, allowing them to gain a deeper understanding of Hong Kong from multiple perspectives and further enhance exchanges and cooperation.The Summit was jointly organized by the Hong Kong Guangdong Foreign Businessmen Association, the Political Consultative Conference Members Friendship Associations in Hong Kong and Guangdong, the Sun Yat-sen Foundation, the Guangdong Youth Federation, the Macau Young Entrepreneurs Association, the Macau Youth Federation, the Taiwan Straits Economic and Cultural Interchange Association, and the Taiwan Elite Association.It was first held in 2016 and six sessions have taken place so far in Taiwan, Hong Kong, Macau, and Guangzhou, participated by more than 40 youth organizations and more than 2,600 outstanding young entrepreneurs, playing the significant role of promoting exchanges and cooperation among young entrepreneurs from the four regions. The Summit has helped spread the notion that "both sides of the Taiwan Strait are one family/people on both sides of the Taiwan Strait are all of the same family" and allowed sharing of successful "one country, two systems" experiences, while also fostering the peaceful development of cross-strait relations and contributing to the prosperity and stability of Hong Kong and Macau.The "Union of Chinese Contemporaries" 2024 Summit of young entrepreneursfrom Macao, Guangdong, Hong Kong and Taiwan opens in Hong Kong.Group photo of officiating guests and representatives of organizersOfficiating guests from both sides of the Taiwan Strait and Macao,Guangdong, Hong Kong and Taiwan attend the SummitVice Chairman of the Chinese People's Political Consultative ConferenceLeung Chun-yingJohn Lee Ka-chiu, Chief Executive of the Hong Kong Special AdministrativeRegionLin Keqing, chairman of the Guangdong Provincial Committee of the ChinesePeople's Political Consultative Conference and Party secretary of GuangzhouWang Rong, Deputy Director of the CPPCC Hong Kong, Macao and TaiwanOverseas Chinese CommitteeLien Sheng-wen, Vice Chairman of the KuomintangTang Bingquan, Director of the Sun Yat-sen FoundationStephen Tai Tak-fung, President of the Hong Kong Guangdong Chamber ofForeign Investors, Chief President of The Association of the Hong KongMembers of Guangdong's CPPCC CommitteesLi Juren, President of Macau Youth Entrepreneur AssociationDeng Daixian, Secretary General of Taiwan Straits Economic and CulturalInterchange AssociationAbout "Union of Chinese Contemporaries" — Summit of young entrepreneurs from Macao, Guangdong, Hong Kong and TaiwanThe aims of the "Union of Chinese Contemporaries" — Summit of young entrepreneurs from Macao, Guangdong, Hong Kong and Taiwan” are to implement General Secretary Xi Jinping’s important thoughts on Hong Kong, Macau, and Taiwan affairs, promote the great spirit of Mr. Sun Yat-sen’s "Rejuvenation of the Chinese Nation" and "the world is for the public," strengthen exchanges and cooperation among young entrepreneurs from both sides of the Taiwan Strait and the Hong Kong and Macau regions, foster the peaceful development of cross-strait relations, and ensure prosperity and stability in Hong Kong and Macau, and contribute to national strength and rejuvenation. It is jointly organized by the Sun Yat-sen Foundation, Guangdong Youth Federation, Friends of Hong Kong Association, Political Consultative Conference Members Friendship Associations in Hong Kong and Guangdong, Taiwan Straits Economic and Cultural Interchange Association, and Taiwan Elite Association, among others. Since its inaugural session in Taiwan in 2016, six sessions have taken place in Hong Kong, Macau, and Guangdong. More than 40 youth organizations and more than 2,600 young entrepreneurs from both sides of the Taiwan Strait and the Hong Kong and Macau regions have participated to date in the exchanges, establishing a platform for cooperation among young entrepreneurs. This year, the Mainland Affairs Council of Taiwan has again designated the event as a key project for national interchanges with Taiwan. Copyright 2024 ACN Newswire via SeaPRwire.com.

BANGKOK, Sept 12, 2024 - (ACN Newswire via SeaPRwire.com) - Petchsrivichai Enterprise PCL (SET: PCE), a leader in the integrated palm oil industry, today began trading on the Stock Exchange of Thailand (SET), highlighting the Company’s readiness as an integrated producer and distributor of palm oil products with a supply chain management system in place, to respond to customer needs as a One-Stop Service.The Company is also proceeding with the expansion of its palm oil extraction plant and palm olein production plat, taking advantage of the opportunity while the palm oil industry is expanding both domestically and in the export market, to create growth in a bid to become a leader in the palm oil industry at the national level.Mr. Prakit Prasitsupaphol, CEO & Managing Director of Petchsrivichai Enterprise PCL, announced that the Company began trading PCE shares on the SET today, September 12, in the Agro & Food Industry Group, Agribusiness Sector, under the abbreviation PCE. This followed the successful IPO of 750 million common shares for 2.28 baht per share. At the IPO, PCE shares received overwhelming interest from investors, reflecting confidence in the Company’s integrated palm oil business. In so doing, they helped to make PEC one of the stocks that attracted keen interest from investors from the first day of trading.PCE has set its growth strategy to become a leader in the integrated palm oil industry at the national level through 1. Being a leader in the integrated palm oil industry with full management readiness of the supply chain system, as group companies possess combined production processes for palm oil products from upstream to downstream, warehousing and port services, as well as the modern transportation processes to meet customer needs in the form of “One-Stop Service”, with nearly 40 years of direct experience in the industry; 2. The group’s location is in Surat Thani Province, an ideally strategic area for raw material sourcing and being close to customers and seaports; 3. The group’s production processes and quality control have been certified by international standards.The Company plans to use the funds raised in the SET to invest in the expansion of a crude palm oil extraction plant, doubling the production capacity from the current 60 tons of fresh palm fruits per hour, along with increasing the stability of the supply of raw material and crude palm oil supply for further refining processes, as well as investing in machinery and equipment to double the production capacity of palm olein for consumption from the current 300 tons per day. The Company’s two production plants were already operating at 80-90% of installed production capacity. Moreover, the fund will also be used to improve the efficiency of the production process, to expand the market in all sectors both domestically and in the export markets, and to invest in technology that will apply to research and further development, to add value to products and create opportunities in new markets in the future.As for the operating results for 2021 to 2023, the total revenues were 28,178.54 million baht, 32,696.15 million baht, and 24,722.79 million baht, respectively, while the net profits were 847.33 million baht and 214.40 million baht, and 330.50 million baht, respectively. For the first six months of 2024, the group had a total revenue of 12,921.47 million baht and a net profit of 211.97 million baht, similar to those of the same period of the previous year. In 2023, the group’s main revenue was derived from the palm oil industry at 98.61%, with the sales proportion of 63.67% for the domestic market and 36.33% for the international market.Mr Somsak Sirichainarumitr, CEO of Asset Pro Management Co Ltd (APM), as a financial advisor, said PCE is considered the first fully integrated palm oil industry leader to list on the SET and has the potential to grow in line with the expansion of the palm oil industry, spurred on by growing purchasing power in both domestic and international markets, for consumption or applications, by the renewable energy groups where demand is continuously increasing, and in the use of oleochemicals as ingredients in products such as cosmetics, soaps, skin care creams, etc., following the recovery of the domestic and global economies. They are also applicable to the biodiesel industry.Ms. Nalyne Viriyasathien, Managing Director, Investment Banking and Advisory of Maybank Securities (Thailand) PCL, as Joint Lead Underwriter, said PCE’s IPO offering of 750 million shares at 2.28 baht per share, or 1,710 million baht, was enthusiastically received by both retail and institutional investors. This was because investors were confident in the business potential of PCE, a leader in the palm oil industry with high growth potential. They also believed PCE would be another quality stock for investors in the Thai capital market.Mr. Payupat Mahabhol, managing director of investment banking at Yuanta Securities (Thailand) Co Ltd and joint lead underwriter, said that he was confident that PCE would be a growth stock that would generate good returns for investors. The company’s strength as a leader in the integrated palm oil industry and its ability to manage the supply chain system that provides customers with a one-stop service can help reduce extraneous costs. Therefore, for PCE as an enterprise with strong business partnerships, this fundraising will help strengthen its capital, which will be used to expand the business and further the Company’s growth according to its business plan.Released by Public Relations Dept., MT Multimedia Co., Ltd. for Petchsrivichai Enterprise Plc.For more information, please contact: Thiyaporn “Dah” SriadunphanTel. +66 (0) 87 556 6974; Email: thiyaporn.s@mtmultimedia.comPetchsrivichai Enterprise PCL [SET: PCE; PCE/F; PCE/R] https://pce-th.com/ Copyright 2024 ACN Newswire via SeaPRwire.com.