CheetahTALK Translation Device Experiences Explosive Growth, Plans New Market Expansion
China XD Plastics Company Limited Has Been Granted an Extension to Regain Compliance
Cheetah Mobile Appoints New Chief Financial Officer
Phoenix Tree Holdings Limited ("Danke") Announces Pricing of Initial Public Offering
Hexindai Announces Changes to Board of Directors
Rogers International Commodity Index (RICI(R)) Composition Unchanged
Thailand Board of Investment Points Out the High Potential for Thailand to Be Bioplastics Hub
Where to Eat, Play and Buy for the Lunar year, Changing the World by Consumption
The BFA Annual Conference 2020 to Kick off in Late March
Equiteq advises award-winning fintech firm Choice Financial Solutions on its sale to German fintech firm Raisin
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Transamerica Life Bermuda's Excellent Customer Service Recognised at the Benchmark Wealth Management Awards
The award marks the third year in a row the company is lauded as a leader in the industryHONG KONG, Jan. 16, 2020 /PRNewswire/ -- Transamerica Life (Bermuda) Ltd. (TLB), a leading High Net Worth (HNW) life insurer, has won the "Outstanding Achiever" award at the 10th Benchmark Wealth Management Awards in Hong Kong in the category for "High Net Worth Client Servicing". Hazel Etherington (centre), COO of Transamerica Life Bermuda, celebrates Outstanding Achiever award with her team at the 10th Benchmark Wealth Management Awards. TLB is a leading HNW life insurance company dedicated to serving only High Net Worth (HNW) and Ultra High Net Worth (UHNW) individuals. As the only pure HNW life insurance provider in Hong Kong, TLB has extensive experience in handling large sums assured and complex cases to support legacy and business planning for its clients. TLB continually conducts targeted consumer research to gain key insights into the needs and preferences of the HNW customer. Over the years, TLB has accumulated a great deal of insights into the needs and desires of these customers and has used those insights to develop innovative, tailored products and initiatives to meet them. TLB's innovative approach to servicing its HNW customers was applauded as a key differentiator for the company. In particular, this innovation is exemplified in its TLB Eminence program which it launched in 2018. TLB Eminence, is the first-ever value-added customer experience offering to be introduced by an insurance company in Asia. It is a new customer experience designed to enrich the lifestyles of TLB's most valued customers by offering them complimentary access to exclusive services such as professional luxury concierge, lifestyle and travel support as well as global security and evacuation services. Hazel Etherington, Chief Operating Officer (COO) of TLB, speaking at the award ceremony in Hong Kong, commented, "Transamerica Life Bermuda is committed to helping our HNW customers achieve a lifetime of financial security and the peace of mind that comes with knowing their wealth is protected for generations to come. We continually strive to provide a 'luxury' approach to our customers, and work alongside our partners to provide the highest quality of service possible." "We are very excited to win the Benchmark Wealth Management Awards - this being our third year receiving an award - as it is a recognition of our dedication to delivering exceptional service to our clients while delivering powerful financial solutions to them that protect and perform at the highest possible level," she added. About Transamerica Life (Bermuda) Ltd.: Transamerica Life (Bermuda) Ltd. (TLB) is a leading High Net Worth life insurance provider, dedicated to offering life protection to High Net Worth individuals, families and businesses across Asia and beyond. Transamerica has been in Asia for over 80 years and has been the pioneer in managing universal life portfolios since 1981. TLB was awarded International Life Insurer of the Year Award (Hong Kong) at the Asian Banking & Finance Insurance Asia Awards 2019. TLB is part of the Aegon Group, a leading, international financial services group providing life insurance, pensions and asset management based in The Hague, Netherlands. Further information about TLB is available here: www.transamericalifebermuda.com About Aegon: Aegon's roots go back 175 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. Today, Aegon is one of the world's leading financial services organisations, providing life insurance, pensions and asset management. Aegon's purpose is to help people achieve a lifetime of financial security. Further information about Aegon is available here: www.aegon.com. Photo - https://photos.prnasia.com/prnh/20200116/2694530-1?lang=0 Related Links :http://www.transamericalifebermuda.com
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The BFA Annual Conference 2020 to Kick off in Late March
A World in Change: Bond Together for a Shared FutureBEIJING, Jan. 16, 2020 /PRNewswire/ -- On January 14, the Secretariat of the Boao Forum for Asia (BFA) held a press conference in Beijing to announce that the BFA Annual Conference 2020 (AC 2020) will be held from March 24 to 27 in Boao, Hainan around the theme of "A World in Change: Bond Together for a Shared Future." The world economy is now at crossroad of change, the international situation is fraught with fluctuations and uncertainties. Global economic growth rates keep hitting new lows, and multilateral trade frameworks and the global governance regime are confronted with serious challenges. In this state of flux, there are deep-rooted causes for economic slowdown. Current global governance practices lag behind the need to achieve common development, and the world is faced with considerable challenges to fulfill the UN Sustainable Development Goals. Looking to Asia, the overall growth momentum is expected to be maintained. Against the backdrop of the reversal of the open policy in some developed countries, the Asia-Pacific region has made progress in free trade agreements. Asian economies such as China are moving towards high-quality development, safeguarding the achievements of globalization with practical actions and becoming the mainstay of multilateralism,international cooperation and free trade. However, Asian countries are generally facing downward pressure and need to deal with various challenges in the development process. How can we create new growth momentum for the world economy and inject "positive energy" into global development? How can we bring order to this world in flux and prevent chaos amid changes? The closely-watched AC 2020 will echo the shared concerns of the international community, focus on frontier issues in world development, mobilize support for multilateralism and international cooperation, and steer changes around the world towards win-win outcomes. According to Li Baodong, Secretary General of the BFA, the preliminary agenda will be composed of more than 50 sessions, which feature five modules: Development Trends, Industrial Changes, Forefront of Innovation, Beautiful Life and Global Governance, which respectively highlight the keywords of change (as the background), reform (as the solution), innovation (as the driver), development (as the goal) and cooperation (as the key). Sustainable development is also an area of concern, and the topics will cover almost all aspects of UN sustainable development goals.It is necessary for the international community to further build consensus and strengthen cooperation to achieve the goals, and the Boao Forum for Asia will, as always, play an active role in this regard. In addition, Li said that BFA will launch six flagship reports, namely "Asian Economic Outlook and Integration Progress 2020", "Free Trade Agreements: Asia's Choice", "Asian Financial Development Report on Financial Inclusion", "Report on Asia Poverty Reduction 2020", "Innovation Report", and "Report on The First Conference of the Global Health Forum". In 2020, Boao Forum for Asia will also carry out a series of activities in China and abroad. In conjunction with the G20, a conference will be held in Riyadh, Saudi Arabia, in February; the second Global Health Forum will be held in Qingdao in June; and the first Global Economic Development and Security Forum will be held in Zhuhai, Guangdong Province, in September. In addition, the Boao Forum for Asia will also hold activities in Belgium, Finland, Italy, etc. In response to a reporter's question on what the biggest problem and solution is in the current world political and economic situation, Li said that the biggest problem facing the world today is the crisis of trust and confidence in global governance. The rules established after World War II have been greatly challenged, and only through multilateralism and international cooperation can we solve the problem. Unilateralism will only push the world into a mess full of estrangement and friction, the fundamental way to solve the crisis is to build a community with a shared future for mankind. The BFA is a high-level cross-cultural, multi-disciplinary and trans-sectoral dialogue platform. Since its inception, the BFA, based in Asia and with a global outlook, has increasingly become an important bridge for communication and interaction between eastern and western political, business and academic communities. As the flagship event of the BFA, AC 2020 will bring together more than 2,000 participants to share perspectives and insights on the development of Asia and the world, including heads of state/government, leaders of international organizations, ministers, business leaders, economists and media representatives.
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Guotai Junan International's AHIB wins award at Offshore China Fund Awards 2019
BEIJING, Jan. 16, 2020 /PRNewswire/ -- Guotai Junan International's Asia High Income Bond Fund (AHIB) recently won the award of the Best Fund Performance under the category of three-year fixed income products in China at the Offshore China Fund Awards 2019. The Offshore China Fund Awards 2019 was co-sponsored by the Chinese Asset Management Association of Hong Kong (HKCAMA) and Bloomberg. Established in September 2015, the AHIB has been operating for 52 months. It has achieved an accumulative net return of 52 percent and an average annualized return of over ten percent. In 2019, it recorded a net return of over 18 percent. Since establishment, AHIB has maintained high return, low fluctuation and zero default and been widely recognized by institutional and individual investors. The candidates of the award were judged only by their net return for the past three years. Other than this award, the investment team and products of Guotai Junan Assets (Asia) Limited has been granted several professional awards for its investment performance in recent years, showing the recognition from the market and the peers.
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Greater Des Moines Partnership Announces 2020 Strategic Priorities, Board Members
GREATER DES MOINES, Iowa, Jan. 16, 2020 /PRNewswire/ -- The Greater Des Moines Partnership unveiled its 2020 Strategic Priorities and shared its 2019 accomplishments at the 131st Annual Dinner on Wednesday, Jan. 15 at the Community Choice Credit Union Convention Center at the Iowa Events Center. The Partnership announced its economic development work with state and local partners resulted in 22 existing business expansions, 11 new company locations and a capital investment of nearly $1.27 billion in Greater Des Moines (DSM). The Partnership also unveiled its 2019 Annual Report video to highlight 2019 successes. "The success of The Partnership is due in large part to our Investors and Members who are pushing our region forward," said 2019 Greater Des Moines Partnership Board Chair Kathryn Kunert, Vice President, Economic Connections and Integration at MidAmerican Energy Company. "The region's continued progress is directly tied to projects like water trails that are true connectors for our communities and know no boundaries. We will continue to focus on Greater Des Moines' opportunities that will maximize our momentum as we move into 2020." During the program, Partnership 2020 Board Chair Tom Mahoney, Chairman of the Board of ITA Group Holdings, discussed innovation as a theme for the next year and unveiled five Strategic Priorities for The Partnership in 2020: Partner on the advancement of the DSM International Airport Project. Enhance the vibrancy of Downtown DSM through activation of the Downtown riverfront and rivers. Demonstrate progress toward the Future Ready DSM 75x25 goal by increasing the number of working-age adults who have completed a post-secondary education experience aligned to industry demand. This goal is in alignment with Future Ready Iowa. Build upon momentum Downtown through the creation of a long-term Downtown Vision Plan. Increase support for minority-owned businesses in DSM. Learn how to take action on The Partnership's 2020 Strategic Priorities. "The Partnership's 2020 Strategic Priorities will push the envelope on innovative ideas to continue growing our region," Mahoney said. "We will be thinkers and dreamers and doers, and it will take a collaborative effort to make our priorities successful." The Partnership also announced its Board of Directors and Executive Board. In addition to Mahoney and Kunert's roles, Fred Buie with Keystone Electrical Manufacturing and Rowena Crosbie with Tero International will be Vice Chairs. Mike McCoy with NCMIC will be the Secretary/Treasurer. See the full list of the 2020 Greater Des Moines Partnership Board of Directors and Executive Board. This year's Annual Dinner keynote presentation was headlined by Walter Isaacson, Professor of History at Tulane and an advisory partner at Perella Weinberg, a financial services firm based in New York City. He spoke on innovative figures throughout history and encouraged DSM leaders to think in an innovative way. About the Greater Des Moines Partnership The Greater Des Moines Partnership is the economic and community development organization that serves Greater Des Moines (DSM), Iowa. Together with 24 Affiliate Chambers of Commerce, more than 6,500 Regional Business Members and more than 365 Investors, The Partnership drives economic growth with one voice, one mission and as one region. Through innovation, strategic planning and global collaboration, The Partnership grows opportunity, helps create jobs and promotes DSM as the best place to build a business, a career and a future. Learn more at DSMpartnership.com. Contact: Courtney Shaw cshaw@DSMpartnership.com (515) 286-4919 Learn More About DSM USA Logo - https://mma.prnewswire.com/media/688037/Greater_Des_Moines_Partnership_Logo.jpg Related Links :http://www.desmoinesmetro.comhttps://www.dsmpartnership.com
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Goodman Magic Mile Charity Ramp Run 2020 opens for team registration and fundraising for The Fred Hollows Foundation
HONG KONG, Jan. 16, 2020 /PRNewswire/ -- Team registration is now open for the 9th Annual Goodman Magic Mile Ramp Run, which will be held on Sunday, 22 March 2020 at Goodman Group's flagship Goodman Interlink property in Tsing Yi, Hong Kong. Team fundraising is also open with all funds raised going towards a key eye care project run by The Fred Hollows Foundation in Guangxi, China. This year's theme is Greatness is in the Extra Mile, which embodies Goodman Group's purpose of Making Space for Greatness. The Group, through its charitable arm the Goodman Foundation, is proud to once again partner with The Fred Hollows Foundation. The funds raised will support a key eye health project in Guangxi, China, to provide eye care screening for 130,000 people, cataract surgery for over 3,500 patients, and eye care training for 160 medical staff. The project will be undertaken in conjunction with The Fred Hollows Foundation's global initiative, She Sees, which aims to increase access to eye care services among women who traditionally do not have the ease of access to proper eye healthcare in many countries. Women account for a significantly higher proportion of people globally living with visual impairment. In addition to the classic mile-long race up Goodman Interlink's 15-floor cargo ramp and the popular blindfolded race, this year's event will embrace the spirit of the 2020 Olympic Games with the addition of two relays, a Magic Mile Team Relay Race for teams of four, and a Tall 'n Small parents' and children's relay. Full details of the races are available in the table below. To register for the event and start fundraising, please visit the Goodman Magic Mile Ramp Run website goodman.com/magicmile. Magic Mile races details Race Details Awards Magic Mile Classic For everyone - corporate teams, families and individuals (teams of 4) Run (or walk) together up the cargo ramp 1 mile (1.6 km) HK$1,000 per team Fastest individual male Fastest individual femaleFastest family teamFastest corporate team Blindfolded race Pair up, run (or walk) for 4 floors Wear paper cataract glasses Experience the challenges of being visually impaired HK$150 per pair Fastest team 2020 new format Magic Mile team relay For everyone - corporate teams, families and individuals (teams of 4) Run (or walk) for 4 laps of the 15 floors of the cargo ramp Mixed 4 x 1 mile (4 x 1.6 km) relay HK$1,000 per team Fastest team 2020 new format Tall'n small relay For 1 kid and 1 parent relay 2 age groups (4-7) & (8-10) 2 x 60 meters relay HK$100 per pair Fastest team in age groups 4-7Fastest team in age groups 8-10 About Goodman Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist fund managers of industrial property and business space globally. Goodman's global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors. For more information please visit www.goodman.com About The Goodman Foundation The Goodman Foundation aims to improve the quality of life, standard of living and health of people across the communities where Goodman operates. Its focus is on social change and improving the lives of those less privileged in our community by providing practical assistance by way of capital expenditure for equipment, funding of programmes and projects, warehousing or office space or the expertise of our people. Many of our community partners, in addition to receiving a Foundation grant, benefit from fundraising and volunteer support from Goodman staff in our good+heart programme along with regular payroll donations through the Goodman good+deeds workplace giving programme. The Goodman Foundation is represented across Australia, New Zealand, China/Hong Kong, United Kingdom, France, Belgium, and Poland. Expansion of the Foundation is continuing across Europe, Japan and USA. The Goodman Foundation has a comprehensive strategy encompassing contributions to the community through the distribution of cash, volunteering, workplace giving and in-kind programmes with long-term (3+years) partnerships developed with charitable organisations underway in all Goodman locations. Through our strategic partnerships with charities, the Goodman Foundation is Building+Communities and making a meaningful difference to the lives of disadvantaged people and vulnerable communities. For more information please visit http://www.goodman.com/sustainability/foundation About The Fred Hollows Foundation The Fred Hollows Foundation is focused on ending avoidable blindness caused by cataracts, trachoma and diabetes. It helps people to help themselves by building capacity at all levels - from village health centres to regional hospitals and national ophthalmological networks. The Foundation trains local doctors and health workers, builds and upgrades facilities and provides equipment to achieve long-term and sustainable eye health care. For more information, please visit www.hollows.org Related Links :http://www.goodman.com
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China Will Participate in the Master Design Challenge, the World Final of Roca's Express Design Competition
- The winners of the third edition held in Shanghai, China, will participate in the grand world final in Barcelona, a benchmark in the design sector - The activities that will be carried out during the competition are aligned with the Sustainable Development Goals defined by United Nations BARCELONA, Spain, Jan. 16, 2020 /PRNewswire/ -- Funi Ding and Haidy Gong, co-founders of Assorted Object Lab and winners of the third edition of the Roca One Day Design Challenge in Shanghai, Roca's express design competition, will travel to Barcelona, a benchmark in the design sector, from the 20th to the 22nd January to celebrate the first edition of the Master Design Challenge, along with the winners of all editions held all around the world in 2019. This world final will challenge the young designers to show their design qualities to discover who will be the winner among winners. It will be held in collaboration with the BCD (Barcelona Centre de Disseny) and the We Are Water Foundation. Throughout these three days, all activities will focus on innovation, creativity, design and sustainability and will be aligned with the Sustainable Development Goals defined by United Nations, in order to achieve a better future for all. The proposals of the representatives of the 12 countries that will be attending the final will be assessed by an internationally acclaimed jury, made up of: João Bessa, designer and founder of BESSA; Josep Congost, Design and Innovation Director at Roca; Kenneth Koh, founder of Quarters Architects; Isabel Pintado, Regional Managing Director at Wilson Associates; Vladimir Pirozhkov, president of the 'Astra Rossa' industrial design and innovation center; Isabel Roig, general director of the BCD; and Xavier Torras, Roca Brand Communication Director. The winner will be able to attend the prestigious Boisbuchet Design and Architecture school at Lessac, France, and will be presented with 3,000€ in prize money and a BenQ monitor for graphic design with a value of 1,190 €. Roca, leading brand in products for the bathroom space, organizes these initiatives to provide visibility to young talent. Roca One Day Design Challenge was first held in 2012 and since then its international expansion has increased over the years. The competition challenges young architecture and design students and professionals to create original and innovative products for the bathroom space in just one day.
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Malaysia Will Participate in the Master Design Challenge, the World Final of Roca's Express Design Competition
- The winners of the first edition held in Malaysia will participate in the grand world final in Barcelona, a benchmark in the design sector. - The activities that will be carried out during the competition are aligned with the Sustainable Development Goals defined by United Nations. BARCELONA, Spain, Jan. 16, 2020 /PRNewswire/ -- Syafa Mustaffa and Aresha Suraya, of the International Islamic University Malaysia, winners of the first edition of the Roca One Day Design Challenge in Malaysia, Roca's express design competition, will travel to Barcelona, a benchmark in the design sector, from the 20th to the 22nd January to celebrate the first edition of the Master Design Challenge, along with the winners of all editions held all around the world in 2019. This world final will challenge the young designers to show their qualities to discover who will be the winner among winners. It will be held in collaboration with the BCD (Barcelona Centre de Disseny) and the We Are Water Foundation. All activities will focus on innovation, creativity, design and sustainability and will be aligned with the Sustainable Development Goals defined by United Nations, in order to achieve a better future for all. The proposals of the representatives of the 12 countries that will be attending the final will be assessed by an internationally acclaimed jury, made up of: João Bessa, designer and founder of BESSA; Josep Congost, Design and Innovation Director at Roca; Kenneth Koh, founder of Quarters Architects; Isabel Pintado, Regional Managing Director at Wilson Associates; Vladimir Pirozhkov, president of the 'Astra Rossa' industrial design and innovation center; Isabel Roig, general director of the Barcelona Center of Design; and Xavier Torras, Roca Brand Communication Director. The winner will be able to attend the prestigious Boisbuchet Design and Architecture school at Lessac, France, and will be presented with 3,000€ in prize money and a BenQ monitor for graphic design with a value of 1,190 €. Roca, leading brand in products for the bathroom space, organizes these initiatives to provide visibility to young talent. Roca One Day Design Challenge was first held in 2012 and since then its international expansion has increased over the years. The competition challenges young architecture and design students and professionals to create original and innovative products for the bathroom space in just one day.
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Australia Will Participate in the Master Design Challenge, the World Final of Roca's Express Design Competition
- The winners of the first edition held in Australia will participate in the grand world final in Barcelona, a benchmark in the design sector - The activities that will be carried out during the competition are aligned with the Sustainable Development Goals defined by United Nations BARCELONA, Spain, Jan. 16, 2020 /PRNewswire/ -- Hongxuan Chen from Septet Architects and Yiyun Yan from CXP Architects, winners of the first edition of the Roca One Day Design Challenge in Australia, Roca's express design competition, will travel to Barcelona, a benchmark in the design sector, from the 20th to the 22nd January to celebrate the first edition of the Master Design Challenge, along with the winners of all editions held all around the world in 2019. This world final will challenge the young designers to show their design qualities to discover who will be the winner among winners. It will be held in collaboration with the BCD (Barcelona Centre de Disseny) and the We Are Water Foundation. All activities will focus on innovation, creativity, design and sustainability and will be aligned with the Sustainable Development Goals defined by United Nations, in order to achieve a better future for all. The proposals of the representatives of the 12 countries that will be attending the final will be assessed by an internationally acclaimed jury, made up of: João Bessa, designer and founder of BESSA; Josep Congost, Design and Innovation Director at Roca; Kenneth Koh, founder of Quarters Architects; Isabel Pintado, Regional Managing Director at Wilson Associates; Vladimir Pirozhkov, president of the 'Astra Rossa' industrial design and innovation center; Isabel Roig, general director of the BCD (Barcelona Centro de Diseño); and Xavier Torras, Roca Brand Communication Director. The winner will be able to attend the prestigious Boisbuchet Design and Architecture school at Lessac, France, and will be presented with 3,000€ in prize money and a BenQ monitor for graphic design with a value of 1,190 €. Roca, a leading brand in products for the bathroom space, organizes these initiatives to provide visibility to young talent. Roca One Day Design Challenge was first held in 2012 and since then its international expansion has increased over the years. The competition challenges young architecture and design students and professionals to create original and innovative products for the bathroom space in just one day.
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Prudential chooses IMG to boost travel assistance offerings and introduce new product
INDIANAPOLIS, Jan. 16, 2020 /PRNewswire/ -- International Medical Group® (IMG®), an award-winning global insurance benefits and assistance services company, has been chosen by The Prudential Insurance Company of America (Prudential) to provide increased travel assistance offerings and a new insurance product to Prudential agents and members. Starting in 2020, Prudential's travel assistance services offerings will include emergency medical transport, medical assistance, travel assistance, and security assistance services provided by IMG. "While Prudential Group Insurance has offered travel assistance services for many years, new features from IMG allow us to bring an even greater array of financial wellness solutions to the individuals we serve," said Jessica Gillespie, SVP and head of distribution at Prudential Group Insurance. Key enhancements of Prudential's offerings will include identity theft assistance, an increased trip duration, increased political and natural disaster evacuation services, and telemedicine capabilities. One enriched feature is the traveler app, which will now alert travelers of nearby potential travel risks. In addition to robust travel assistance services, Prudential will add a new insurance product to its portfolio designed to protect individuals who may experience an unexpected illness or injury while outside their home country. "We continue to see a rise in international workplaces, and with that, employers increasingly rely on us to address the unique needs of their global workforce," said Joseph Ingream, VP and head of life product at Prudential Group Insurance. "Working with IMG allows us to offer an out-of-country medical plan for employees traveling abroad." IMG has provided global benefits and assistance services to millions of customers since 1990. A leader in the travel insurance, travel medical insurance, and international private medical insurance industries, IMG boasts extensive experience coordinating and managing care through vast health networks as well as complex medical transports and assistance cases. This experience, along with their team of multilingual specialists around the world, has allowed them the global reach to expand their enterprise service offerings to companies like Prudential. "Prudential's selection of IMG's service and product offerings is a testament to the market-leading capabilities IMG has been responsible for providing to its members and other enterprises for many years," said Steve Paraboschi, president of IMG. "Our cross-border resources combined with Prudential's extensive reach throughout the market make an excellent pairing that will allow us both to provide better products and services to those in need." About Prudential Group Insurance Prudential Group Insurance manufactures and distributes a full range of group life, long-term and short-term disability and corporate and trust-owned life insurance in the U.S. to institutional clients primarily for use within employee and membership benefit plans. The business also sells critical illness, accidental death and dismemberment, and other ancillary coverages. In addition, the business provides plan and administrative services in connection with its insurance coverages, and administrative services for employee paid and unpaid leave, including FMLA, ADA and PFL. About Prudential Financial, Inc. Prudential Financial, Inc. (NYSE: PRU), a financial wellness leader and premier active global investment manager with more than $1 trillion in assets under management as of Sept. 30, 2019, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit news.prudential.com. About International Medical Group (IMG) International Medical Group® (IMG®), a Sirius Group company, is an award-winning global insurance benefits and assistance services company that has served millions of members worldwide since its founding in 1990. A leader in the global benefits and assistance services industry, IMG offers a full line of international medical insurance products, as well as travel insurance plans, medical management services, and 24/7 emergency medical and travel assistance. For more information, please visit www.imglobal.com.Related Links :http://www.imglobal.comhttps://www.imglobal.com
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Califia Farms Completes Landmark $225 Million Financing with Diverse Group of Global Investors
Funding Provides Califia Farms, a leading plant-based food and beverage company, with long-term capital and global support for continued rapid expansion, and disruption of the $1 trillion+ dairy and ready-to-drink coffee markets LOS ANGELES, Jan. 15, 2020 /PRNewswire/ -- Califia Farms®, a leading independently owned plant-based food and beverage company founded by natural product visionary Greg Steltenpohl, announces it has completed one of the largest private capital raisings within the natural foods sector, through a $225 million Series D financing led by the Qatar Investment Authority (QIA). Other investors in the financing include Singapore headquartered investment company Temasek, Canada based Claridge, Hong Kong based Green Monday Ventures, and a Latin America based family with significant interests in coffee and consumer products. Califia Farms Completes Landmark $225 Million Financing with Diverse Group of Global Investors The new investor group will take a minority stake in Califia Farms, with representatives from QIA, Temasek, and Claridge joining the Board of Califia, alongside founder Greg Steltenpohl and existing investors Sun Pacific, Stripes and Ambrosia. Demand for plant-based beverages is exploding worldwide as consumers seek healthier, great-tasting dairy alternatives. This latest funding round will help Califia Farms build on the success of its oat platform and launch other lines. Proceeds will also allow Califia to further invest in increased production capacity, substantial R&D, deeper U.S. penetration, and continued global expansion. Inspired by the legendary Queen Califia, namesake of the state of California, Califia Farms was founded in 2010 and has become one of the fastest-growing natural food and beverage companies of scale in the U.S. and select international markets. Califia is on a mission to discover and share 'what plants can do' to help people transform their health and adopt a lower carbon 'foodprint'[1]. Califia is looking forward to working with a more global investor base, as the company continues to grow and fulfill its mission. "The more than $1 trillion global dairy and ready-to-drink coffee industry is ripe for continued disruption, with individuals all over the world seeking to transform their health & wellness through the adoption of minimally processed and nutrient rich foods that are better for both the planet and the animals," said Greg Steltenpohl, Califia's Founder and CEO. "Califia's role is to help plant the future." "Speed to market is critical for companies at our stage and we are thrilled that our new partners share our vision to be the leading independent brand in the plant-based sector. Each of our partners brings significant resources and global expertise to accelerate our next stage of our growth," he added. Barclays acted as exclusive financial advisor and sole placement agent to Califia Farms on the capital raise, and Akin Gump served as legal counsel. Contact: Press@califiafarms.com * Instagram and Twitter: @CalifiaFarms #PlantTheFuture www.califiafarms.com About Califia Farms (pronounced "Cal-ih-FEE-ah" like California) Inspired by Queen Califia, the mythical namesake of the state of California, Los Angeles-based Califia Farms was founded in 2010 and has become one of the fastest-growing natural beverage companies in the U.S. Renowned for offering the best-tasting plant-based beverages on the market artfully packaged in unique curvy bottles, Califia is now a leading refrigerated Plant Milk, Dairy Free Creamer and Ready-to-Drink Coffee brand in the Natural and Specialty channels. Califia's premium plant milk beverages make it easy for people to make delicious 'plant powered' choices that produce 60-80 percent fewer greenhouse gases than consuming cow's milk[2]. Most recently Califia launched a breakthrough line of Oat Milks, Dairy Free Probiotic Yogurt drinks and Nitro Cold Brew coffees. Califia is on a mission to return food to its original nourishing purpose by applying creativity and innovation to make plant-based food and beverages that are both good for you and good-for-the-world. 1 Poore, J. & Nemecek, T. (2018). Reducing food's environmental impacts through producers and consumers. Science.2 Geyer, R. and Kendall, A. (2018) Cradle to Gate Life Cycle Assessment of Califia Almondmilk. Universities of California at Davis and Santa Barbara. Photo - https://mma.prnewswire.com/media/1076916/Califia_Funding_Annoucement_Image.jpg Logo - https://mma.prnewswire.com/media/806617/Califia_Farms_Logo_Logo.jpg Related Links :www.califiafarms.com
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Guotai Junan International's Asia High Income Bond Fund Won the Offshore China Fund Award
SHANGHAI, Jan. 15, 2020 /PRNewswire/ -- On 9 January 2020, Guotai Junan International's Asia High Income Bond Fund (AHIB) won the Best Fund Performance -- Private Fund - Greater China Fixed Income (3 Years) award at the 2019 Offshore China Fund Awards held by China Asset Management Association of Hong Kong (CAMAHK) and Bloomberg. Guotai Junan Asia High Income Bond Fund (AHIB) was established in September 2015 and has been operating for 52 months since then. It has achieved an accumulative net return of 52% and the average annualized return of over 10%. In 2019, it recorded a net return of over 18%. Since its establishment, Guotai Juan Asia High Income Bond Fund (AHIB) has maintained high return, low fluctuation and zero default and been widely recognized by institutional and individual investors. The candidates were judged by their absolute net return for the past three years and no vote was accepted. Other than this award, the investment team and products of Guotai Junan Assets (Asia) Limited has been granted several professional awards because of its excellent investment performance in recent years, showing the market and peers' recognition towards team strengths. View original content:http://www.prnewswire.com/news-releases/guotai-junan-internationals-asia-high-income-bond-fund-won-the-offshore-china-fund-award-300987338.html
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Europ Assistance furthers commitment to operations in Asia - announces new presence in Thailand
BANGKOK, Jan. 15, 2020 /PRNewswire/ -- Europ Assistance today announced the opening of their new office in Thailand, furthering their commitment to the Asia region where they have operated for the past thirty years. This recently established presence in Thailand will allow Europ Assistance to provide its world-renowned services at a high level to countries across Southeast Asia including Thailand, Malaysia, Singapore, and Indonesia. Philippe Demangeat, CEO Southeast Asia at Europ Assistance Group: "We are excited to expand our presence in Asia with the opening of our new office in Thailand. This foothold in the region is just the beginning of our plans for continued growth on the continent and will allow us to continue to provide our high level of service to both current and prospective partners in the region." Pascal Baumgarten, CEO Northern, Central and Eastern Europe, Asia and Africa, Europ Assistance Group: "Europ Assistance has been present in Asia for three decades. This new expansion highlights Asia's important place in our overall growth and will allow us to establish a strong foothold in a key target market to deliver a high level of service." Having operations on the ground will allow Europ Assistance to accompany its European, American and Asian clients in South East Asia, driving the continued growth of Europ Assistance's global operations. By having experienced teams on the ground, Europ Assistance can also strengthen and expand its partnerships with local airlines, travel agents, insurance providers (in particular Generali), and banks in the region. Antoine Parisi, CEO of Europ Assistance Group: "After operating in the region for more than thirty years, establishing this new foothold in Thailand is essential to increasing our group's international scope. This new office will facilitate stronger local partnerships allowing us to provide value and enhanced services to both local and international travelers and partners." ABOUT EUROP ASSISTANCE GROUP Founded in 1963, Europ Assistance, the inventor of assistance, supports customers in over 200 countries and territories thanks to our network of 750.000 approved providers and 39 assistance centres. Our mission is to bring people or corporates from distress to relief – anytime, anywhere. We provide roadside assistance, travel assistance and insurance, as well as personal assistance services such as the protection of the elderly, the protection of digital identity, telemedicine and the Conciergerie. The vision of our 7.765 employees is to be the most reliable care company in the world. Europ Assistance is part of the Generali Group, one of the world's leading insurers. Media Relations Jonathan Heywood T + 33.6.12.29.78.39 jheywood@europ-assistance.com Facebook: https://www.facebook.com/EuropAssistance/ LinkedIn: https://www.linkedin.com/company/europ-assistance/ Twitter: https://twitter.com/ea_group?lang=en Youtube: https://www.youtube.com/user/europassistancegroup Related Links :http://europassistance.com
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AXA Hong Kong launches the first 'AXA Chronic Disease Management Programme'
Managing chronic disease in collaboration with 4 renowned medical institutionsAchieve health targets to enjoy premium discountHONG KONG, Jan. 15, 2020 /PRNewswire/ -- According to a recent survey conducted by AXA Hong Kong, comprising 1,000 Hong Kong people, it is deduced that more than one-third of those surveyed have been diagnosed with chronic diseases in which this proportion increased to over 50% in the 45-60 age group[1]. Observed chronic diseases do not solely trouble the aged, AXA Hong Kong have been bringing customers with innovative health management solutions. Furthermore, government's latest statistics also reveal that the proportion of chronic disease patients aged 15-24 years increased from 9.2% to 12.4% in 3 years[2]. Taking diabetes mellitus as an example, it is estimated that this affects one person in every 10 in Hong Kong, and for one in every 5 diabetic patients, the disease occurs before the age of 40[3]. Furthermore, the age-standardised prevalence of gout increased continuously in 10 years, reaching 1.4% in 2016[4]. Indeed the cost of chronic disease management is often as burdensome as that of critical diseases, the expenditure involved is too high to be disregarded. AXA collaborates with 4 medical institutions to launch the ‘AXA Chronic Disease Management Programme', including CUHK Medical Clinic, Hong Kong Diabetes Specialist Centre, HKSH Medical Group and Virtus Medical Group. 'AXA BetterMe', a one-of-a-kind platform launched by AXA Hong Kong in 2018, strives to promote overall physical and mental wellbeing by offering a unique suite of diseases management programmes and health protection and diseases prevention solutions. This year, AXA Hong Kong announced the 'AXA Chronic Disease Management Programme' (Programme), collaborating with CUHK Medical Clinic, Hong Kong Diabetes Specialist Centre, HKSH Medical Group and Virtus Medical Group. The programme targets different chronic diseases, including diabetes mellitus, hypertension, hypercholesterolemia and gout, and provides an all inclusive service that include outpatient medical consultations, annual comprehensive complication, dietitian consultation, and more. Dr. Alexander Chiu, Medical Director, Health and Employee Benefits, AXA Hong Kong and Macau, said, "The demand for insurance for chronic diseases cannot be ignored. AXA Hong Kong has reformed its core concept of insurance and expanded the coverage of its products to cope with changes in society since 2018, helping customers improve their health. The collaboration with CUHK Medical Clinic, Hong Kong Diabetes Specialist Centre, HKSH Medical Group and Virtus Medical Group aims at helping chronic disease patients in a more effective way, with proper consultation and solutions provided by professional medical organisations. We are looking forward to working with more of these reputable medical institutions, and to providing more personalized and flexible plans and products, to overcome the challenges of the market and to help our customers prepare a healthy body and mind to embrace the future." All 'AXA Wiseguard Pro Medical Insurance' eligible customers[5] are entitled to particiate in 'AXA Chronic Disease Management Programme' with 12-month of medical service. The participants are allowed to choose one of the following institutions as their service provider: CUHK Medical Clinic, Hong Kong Diabetes Specialist Centre, HKSH Medical Group and Virtus Medical Group. Under the Programme, the participants will receive up to four out-patient medical consultations by a registered medical practitioner, one dietician consultation and one annual comprehensive complication assessment by an endocrinologist or specialist, and nurse communication. To provide the best healthcare to customers, a registered medical practitioner will be assigned to support each participant throughout the entire Programme journey. The registered medical practitioner will conduct an initial medical consultation, as well as follow-up appointments. A personal health target will be set according to the condition of each individual, including electrocardiogram (ECG), blood test for blood pressure and/or HbA1c, for a more effective health management routine. For those who successfully reach their goal, a 10% premium discount[6] will be given against their eligible basic plan in recognition of the efforts which the customer has striven to achieve. Meanwhile, the expenditure of daily medication and self-financed drugs could be a huge financial burden. In view of this, this Programme offers an option of medication from a pre-agreed list or alternative medication at a special discount. It covers up to 52 weeks of treatment/dosage[7] which provides a more comprehensive protection to the customer. Initiatives under 'AXA BetterMe' include the 'Quit Smoking Incentive Programme', 'AXA Diabetes & Three-Highs Management Programme', 'Health Collaboration Programme' with Mannings and also the 'Mind Health' promotes employee wellness. AXA Hong Kong will put forth the "payer to partners" promise by developing more innovative solutions with renowned medical institutions under 'AXA BetterMe', empowering customers to lead a healthy and happy life. Please visit the following website to learn more about 'AXA Better Me':https://www.axa.com.hk/zh/axa-betterme [1] The online survey was conducted by Edelman Intelligence, a market research company, interviewing 1,000 people aged 18-60 years old from 4th May to 2nd June in 2019. 38% respondents have been diagnosed with chronic disease while 52% of them are aged 45-60. [2] Thematic Household Survey Report, No. 68: Proportion of chronic disease patients increase from 28.4% in 2016/2017 to 31.1% in 2018/19. The proportion of patients aged 15-24 increase 9.2% to 12.4%. https://www.statistics.gov.hk/pub/B11302682019XXXXB0100.pdf [3] Announced by Department of Health, HKSAR: https://www.statistics.gov.hk/pub/B11302682019XXXXB0100.pdf [4] Data from Department of Health, HKSAR: https://www.chp.gov.hk/files/pdf/ncd_watch_april_2019.pdf [5] A customer successfully submits an application for any basic plan or supplement of AXA WiseGuard Pro Medical Insurance Plan; and every such new basic plan or new supplement under a new/existing basic plan must be successfully issued and in force. [6] Premium discount shall be credited to the Account upon AXA's receipt of confirmation from the designated medical service provider that the targets have been achieved, and such arrangement is subject to AXA's approval. For details of the offer, please refer to the programme leaflet and clauses 12 -19 under the terms and conditions of the programme. If there are any discrepancies between this Press Release and the programme leaflet, the programme leaflet shall prevail for all purposes. [7] For the "medication included" version, medication from a pre-agreed list will be included in the Programme that covers up to 52 weeks of treatment/dosage at HKD 25,000; for the "medication not included" version at HKD 13,000, no medication will be included in the Programme and the charges of any medication will be borne by the Eligible Customer who shall pay such charges directly to the designated third-party medical service provider. ABOUT AXA HONG KONG AND MACAU AXA Hong Kong and Macau, a member of the AXA Group, prides itself on serving over 1.3 million customers[i] with our superior products and services. AXA is the top-tier life insurer in Hong Kong with the longest history[ii]. In addition to being the No. 1 global Property & Casualty commercial lines insurer[iii], we are the No. 1 most considered insurance brand in Hong Kong[iv]. We are also one of the largest health protection providers in Hong Kong and Macau. AXA is one of the most diversified insurers, providing a full range of coverage for individual and commercial customers. We offer all-round, integrated solutions across Life, Health and Property & Casualty to address all of our customers' insurance needs. In keeping with our brand promise "Know You Can", AXA strives to be a lifelong partner to our customers by empowering them to achieve their goals and live better lives. As an innovative insurer, we leverage on Big Data and AI to transform the customer experience end-to-end, making insurance simpler and more personal. We continue to drive innovation notably in health and protection, supporting customers in prevention, treatment and recovery. We also believe it is our inherent responsibility to support the communities in which we operate. AXA Foundation is our flagship corporate social responsibility programme covering all of our efforts in promoting holistic wellbeing and supporting the underprivileged to create a positive and lasting impact in the communities of Hong Kong and Macau. [i] Including customers of AXA China Region Insurance Company Limited, AXA China Region Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability), and AXA General Insurance Hong Kong Limited [ii] Top tier insurers are defined based on the annualised premiums of Individual Direct New Business (Classes A to F) of Statistics on Hong Kong Long Term Insurance Business published by the Insurance Authority. [iii] AXA Corporate Solutions, AXA Matrix Risk Consultants, AXA Insurance Company, and AXA Art with AXA XL's insurance and reinsurance operations combined [iv] AXA Hong Kong Brand Preference Tracking Report 2019 THIS PRESS RELEASE IS AVAILABLE ON AXA'S WEBSITE: AXA.COM.HK IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and AXA's plans and objectives to differ materially from those expressed or implied in the forward-looking statements. Please refer to Part 4 - "Risk factors and risk management" of AXA's Document de Référence (Annual Report) for the year ended December 31, 2016, for a description of certain important factors, risks and uncertainties that may affect AXA's business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise. FOR MORE INFORMATION:SPRG:Veronica Li+852.2114.4945 Photo - https://photos.prnasia.com/prnh/20200115/2693148-1?lang=0
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MIFF 2020 and Hmlet to Unveil Co-living Showcase
Highlights trends for lifestyle-focused, community-based space KUALA LUMPUR, Malaysia, Jan. 15, 2020 /PRNewswire/ -- Malaysian International Furniture Fair (MIFF) and co-living specialist Hmlet will launch a showcase of shared living space furnished by some of Malaysia's best market trend manufacturers at its 2020 edition in the first collaboration of its kind in Asia. MIFF and Hmlet to unveil co-living showcase at MIFF 2020 (photo credit: Hmlet) MIFF 2020, 6-9 March, Kuala Lumpur The project will highlight the new dimension of contemporary and affordable well-designed furniture offered in MIFF and complemented by the appeal of Hmlet's growing co-living concept on a global platform. Recognised as a top 10 global furniture show and the largest in Southeast Asia, MIFF opens the buying season in Asia in 2020 from March 6-9 at the Malaysian International Trade and Exhibition Centre (MITEC) and Putra World Trade Centre (PWTC). Singapore-based Hmlet is the fastest growing co-living operator in the Asia Pacific with 100 locations in Australia, Hong Kong, Japan and Singapore. Started in 2016, it provides custom-designed homes and living space which are highly popular with expatriates and mobile urban professionals. The Hmlet showcase will be located in MITEC. It will feature furniture hand-picked from well-established manufacturers with a reputation of being highly attuned to market trends, such as Inception Design, Johann & Joann, Luxury Sleep, Sinhuiwan Furniture, Deesse Furniture, Wasaniaga and Home Best Enterprise, which are exhibiting in MIFF. These companies are known for their contemporary take on a wide range of home furniture from living room, dining and kitchen, bedroom, case goods to luxurious bedding, made from premium wood, laminated veneer, natural latex and other quality materials. "We are delighted to partner Hmlet on this unique initiative to bring new experience and business ideas to trade buyers. When it comes to co-living space, the selection of furnishings can be very challenging. Furniture must resonate with the tastes of a group of individuals, it has to be functional yet stylish, space saving, and exude a feel of home. Such products are driving market growth and they can be sourced right here in MIFF," said Ms Karen Goi, General Manager of MIFF. "Hmlet is excited to partner with MIFF, reflecting the growing footprint of our business across borders. The collaboration reinforces our commitment to provide our members with custom-designed homes and innovative solutions for a refreshing balance of flexible living and a sense of community, a place they can socialise and feel totally at home," said Seb Worthington, Chief Product Officer at Hmlet. MIFF 2020 is the 26th business year of the trade show. Over 600 Malaysian and foreign exhibitors and as well as 20,000 visitors from around the world are expected. Online pre-registration of visitors to MIFF is open until 15 Feb 2020. Be the first to know what's coming next in MIFF 2020, visit www.miff.com.my or email: info@miff.com.my. To get latest news and insights, follow Furnish Now by MIFF (FB) | ubmMIFF (Youtube) | Furnish Now MIFF {LinkedIn} | Furnish Now by MIFF (IG). Notes to Editors About MIFF (www.miff.com.my) MIFF is Southeast Asia's most global and largest industry trade show of its kind serving 20,000 furniture professionals from 140 countries across the world. Held annually in March, the show offers a comprehensive selection of all kinds of home and commercial furniture including Malaysia's renowned top-quality wood furniture and the most extensive office solutions in the region. Since its inception in 1995, the show is an UFI-approved event by The Global Association for Exhibition Industry. Photo - https://photos.prnasia.com/prnh/20200114/2691816-1-a?lang=0Photo - https://photos.prnasia.com/prnh/20200114/2691816-1-b?lang=0Logo - https://photos.prnasia.com/prnh/20200114/2691816-1-c?lang=0Logo - https://photos.prnasia.com/prnh/20200114/2691816-1-d?lang=0Related Links :http://www.miff.com.my
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CanAm Issues Statement on EB-5 Immigrant Program Modernization Final Rule: Minimum Investment Increases to $900,000
TAIPEI, Jan. 15, 2020 /PRNewswire/ -- CanAm Enterprises announces that, with the amendment by U.S. Citizenship and Immigration Services (USCIS) of its policy guidance to align with the EB-5 Immigrant Investor Program Modernization Final Rule, which became effective on November 21, 2019, the EB-5 Immigrant Investor Program has undergone significant changes that will dramatically alter the landscape of EB-5. The new regulations bring the following key changes to the EB-5 Immigrant Investor Program: The minimum investment amount increases to $900,000 in Targeted Employment Areas (TEA); The minimum investment amount increases to $1,800,000 for investments outside Targeted Employment Areas; The regulations revise the methodology for determining high-unemployment areas; and The Department of Homeland Security will now be responsible for designating TEAs. CanAm would like to confirm to its investors that it will continue to operate with high integrity and follow its core values in sourcing project offerings that meet all of the new requirements. CanAm will continue to work hard to deliver an exceptional experience and results for its investors. "There is no doubt that the new regulations will be a game changer for all of us. We have actually been preparing for the past few years - since the spectre of either legislative or regulatory reform was first raised. CanAm has been in EB-5 for almost twenty years, so we've seen it go through lots of changes. While the new regulatory changes raise the minimum investment amounts and affect the standards for TEAs, we are confident that we will continue to provide high-quality, job-creating projects to our investors," said Tom Rosenfeld, President and CEO of CanAm Enterprises. "Our goals always remain the same - to maximize the likelihood of our investors achieving their immigration benefits while preserving their capital," Mr. Rosenfeld added. Prospective investors pursuing permanent residency in the United States are invited to read CanAm's EB-5 Overview and inquire about EB-5 Visa options. About CanAm Enterprises CanAm Enterprises is a leading EB-5 regional center which has a long and established track record. Basing its business on a reputation of credibility and trust, CanAm has financed nearly 60 projects and raised more than $2.8 billion in EB-5 investments. More than $1.3 billion in EB-5 capital from over 2,600 families has been repaid by CanAm's 40 projects to date. Contact for additional information: Clare Chen +16468258722 clarechen@canamenterprises.com www.canamenterprises.comRelated Links :http://www.canamenterprises.com
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Gemini Rosemont Recapitalizes and Refinances One Twelfth @ Twelfth in Bellevue, Wash.
LOS ANGELES, Jan. 15, 2020 /PRNewswire/ -- Gemini Rosemont Commercial Real Estate, a vertically integrated real estate investment management firm, has completed the recapitalization and refinance of One Twelfth @ Twelfth, a premier office campus located in Bellevue, Wash., in partnership with an affiliate of Beacon Capital Partners, a leading office investment manager. Acquired in December 2016, the property had been held entirely on Gemini Rosemont's balance sheet pending the completion of a capital improvement and leasing plan that was largely completed in 2019. "We successfully implemented our strategy of completing several key capital improvement projects that helped us recast One Twelfth's rent roll," said Ian Brownlow, chief executive officer of Gemini Rosemont. "We attracted several top tier and credit tenants, including one of the world's largest technology firms which will ultimately occupy approximately one-third of the campus. From the onset, we had planned on bringing in a capital partner when appropriate, and now was the right time to do so. The significant liquidity provided to Gemini Rosemont through this transaction will be used to acquire additional Class A assets in coastal and tech-centric markets in keeping with our acquisition mandate." The One Twelfth campus is a comprised of three six-story buildings totaling 480,187 square feet. The Class A, LEED Gold certified buildings are located just off the I-405 corridor, in downtown Bellevue, with over 500,000 square feet of retail amenities within walking distance. "In late December 2019, our new partner acquired an 80 percent interest in the joint venture formed to hold the asset," said Jon Dishell, chief capital officer for Gemini Rosemont. "Beacon shares our vision for the asset, and we are looking forward to both working together to continue to increase One Twelfth's value, as well as to pursuing other opportunities together." As a part of the transaction, the partnership financed the property with a five-year loan of $204 million from MetLife Investment Management. The floating rate loan includes a $19 million facility for future leasing costs and capital expenses. Gemini Rosemont has an existing portfolio totaling approximately eight million square feet with a gross asset value of approximately $1.6 billion. For more information, please visit http://geminirosemont.com/ Logo - https://mma.prnewswire.com/media/260437/gemini_rosemont_commercial_real_estate_logo.jpg Related Links :https://geminirosemont.com
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QNB Group: Financial Results for the Year Ended 31 December 2019
DOHA, Qatar, Jan. 15, 2020 /PRNewswire/ -- QNB, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the year ended 31 December 2019. QNB Group Headquarters in Doha, Qatar Net Profit for the year ended 31 December 2019 reached QAR14.4 billion (USD3.9 billion), an increase of 4% compared to last year. Total Assets increased by 10% from December 2018 to reach QAR945 billion (USD259 billion), one of the best set of results in QNB Group's history. The Board of Directors have recommended to the General Assembly the distribution of a cash dividend of 60% of the nominal share value (QAR0.60 per share). The financial results for 2019 along with the profit distribution are subject to Qatar Central Bank (QCB) approval. Solid growth in Loans and Advances by 10% achieving QAR679 billion (USD186 billion), contributed to the growth in Total Assets. This was mainly funded by strong customer deposits generation which helped to increase customer deposits by 10%, to reach QAR684 billion (USD188 billion) from 31 December 2018. QNB achieved healthy loans to deposits ratio of 99.2% as at 31 December 2019. Operational efficiency resulted in a strong efficiency (cost to income) ratio of 25.9%, in addition to achieving sustainable revenue generating sources, which is considered one of the best ratios among large financial institutions in the region. The ratio of non-performing loans to gross loans amounted to 1.9% as at 31 December 2019, one of the lowest amongst financial institutions in the MEA region, reflecting the high quality of the Group's loan book and the effective management of credit risk. The Group's conservative policy in regard to provisioning resulted in the coverage ratio at 100% as at 31 December 2019. Total Equity increased by 7% to reach QAR95 billion (USD26 billion) as at 31 December 2019. Earnings per Share reached QAR1.45 (USD0.40), compared to QAR1.44 (USD0.39) in December 2018. Group Capital Adequacy Ratio (CAR) as at 31 December 2019 amounted to 18.9%, higher than the regulatory minimum requirements of the Qatar Central Bank and Basel Committee. Group statistics QNB Group serves a customer base of approximately 25 million customers supported by 29,000 staff resources operating from more than 1,100 locations and 4,300 ATMs. Photo - https://mma.prnewswire.com/media/1076437/QNB_Group_Headquarters.jpg
