CEO Pessimism Over Global Growth Reaches Record High - PwC
Wins Finance Holdings Inc. Announces Submission of Compliance Plan to Nasdaq
InvestHK announces core events of extended StartmeupHK Festival 2020
China Literature Hosts 2019 Original Literature Awards Ceremony
Companies plan Greater Bay Area expansion to tap into growth prospects, finds joint KPMG, HSBC and HKGCC survey
Acclime Expands its Geographic Reach to Six Markets in the Region with the Acquisition of Money Matters for Expats in Singapore
13 Southeast Asian Startups Received Accolades at the ASEAN Rice Bowl Startup Awards 2019
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
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Phoenix Tree Holdings Limited ("Danke") Announces Pricing of Initial Public Offering
BEIJING, Jan. 17, 2020 /PRNewswire/ -- Phoenix Tree Holdings Limited ("Danke" or the "Company") (NYSE: DNK), one of the largest co-living platforms in China with the fastest growth, today announced the pricing of its initial public offering of 9,600,000 American Depositary Shares ("ADSs"), each representing ten Class A ordinary shares of the Company, assuming the underwriters do not exercise their option to purchase additional ADSs, at US$13.50 per ADS. The ADSs will begin trading today on the New York Stock Exchange under the ticker symbol "DNK". The Company has granted to the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,440,000 additional ADSs. The total gross proceeds of the offering are expected to be approximately US$129.6 million if the underwriters do not exercise their option and approximately US$149.0 million if the underwriters exercise their option to purchase additional ADSs in full. Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, and J.P. Morgan Securities LLC are acting as joint bookrunners of this offering. A registration statement related to the offering has been filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus forming a part of the effective registration statement. Copies of the prospectus related to the offering may be obtained from: (1) Citigroup Global Markets Inc., Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by phone at +1-800-831-9146; (2) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, Eleven Madison Avenue, New York, NY 10010, United States, or by phone at +1-800-221-1037; and (3) J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by phone at +1-866-803-9204. About Danke Danke, one of the largest co-living platforms in China with the fastest growth, is redefining the residential rental market through technology and aims to help people live better. Empowered by data, technology, and a large-scale apartment network, Danke's vibrant and expanding ecosystem connects and benefits property owners, residents and third-party service providers, and delivers quality and best-in-class services through an innovative "new rental" business model featuring centralization, standardization, and a seamless online experience. Danke was founded in 2015 and is headquartered in Beijing, China. For more information, please visit www.danke.com. Investor Relations ContactDanke IREmail: ir@danke.com Bill ZimaICR, Inc.Phone: +1 203-682-8200 Media Relations ContactDanke PREmail: pr@danke.com Edmond LococoICR, Inc.Phone: +86 (10) 6583-7510 View original content:http://www.prnewswire.com/news-releases/phoenix-tree-holdings-limited-danke-announces-pricing-of-initial-public-offering-300988837.htmlRelated Links :http://www.danke.com
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Hexindai Announces Changes to Board of Directors
BEIJING, Jan. 17, 2020 /PRNewswire/ -- Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer lending marketplace in China, today announced the appointment of Ms. Luping Wei to the Company's Board of Directors (the "Board"), effective from January 15, 2020. The Company also announced that Ms. Lili Hua, Chief Operations Officer and Director of the Company resigned for personal reasons. Ms. Hua's resignation did not result from any disagreement with the Company. Ms. Wei has served as Hexindai's Vice President of Operations since 2019. She joined the Company in 2013 as an Operations Manager and advanced to the Operations Director in 2018. Prior to joining Hexindai, she worked in multiple firms where she was responsible for the operation of websites and new media, and developed unique and considerable experience in the operational management of internet companies. Mr. Xiaobo An, Hexindai's Founder, Chairman and Chief Executive Officer commented, "I am pleased to welcome Ms. Wei to the Board. We believe Ms. Wei's extensive background and experience in the Internet sector will be of great value to us and will contribute meaningfully towards our strategic long-term growth goals. We also want to thank Ms. Hua for her contribution and service to the Company during her tenure. We wish her the best." About Hexindai Inc. Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company") is a fast-growing consumer lending marketplace based in Beijing, China facilitating loans to meet the increasing consumption needs of underserved prime borrowers in China. Hexindai provides borrowers with convenient and ready access to comprehensive consumer finance services. Hexindai's strong user acquisition capabilities, cutting-edge risk management system, and strategic relationships with respected financial institutions allow the Company to generate higher customer satisfaction, reliance, and realize fast growth. Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the Company's goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace's products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law. For more information, please visit ir.hexindai.com For investor inquiries, please contact: Hexindai Investor RelationsMrs. Simon HeTel: +86-10-8341 2324Email: ir@hexindai.com Christensen In ChinaMr. Christian ArnellPhone: +86-10- 5900-1548E-mail: carnell@christensenir.com In USMr. Tip FlemingPhone: +1-917-412-3333Email: tfleming@Christensenir.com View original content:http://www.prnewswire.com/news-releases/hexindai-announces-changes-to-board-of-directors-300988779.htmlRelated Links :www.hexindai.com
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Rogers International Commodity Index (RICI(R)) Composition Unchanged
SINGAPORE, Jan. 17, 2020 /PRNewswire/ -- Following the annual meeting of the Rogers International Commodity Index (RICI®) Committee, Jim Rogers and Beeland Interests, Inc. announce no adjustments to the weights of components comprising the RICI. This outcome reaffirms the founding premise that for the sake of transparency, consistency and stability, composition changes to the RICI be infrequent. The RICI represents the value of a compendium (or "basket") of globally traded commodities employed in the global economy (38 commodity futures contracts), ranging from agricultural and energy products to metals and minerals. The RICI and its various sub-indexes are used by many investment banks and investors throughout the world. A copy of the current RICI Handbook may be downloaded free of charge at the following Internet link: http://www.beelandinterests.com/RICI%20Handbook.html Jim Rogers, an advocate of commodities-based investing, created the RICI in 1997 and 1998 and is the CEO of Beeland Interests, Inc., the owner of the Index. The RICI Committee, currently chaired by Jim Rogers, determines the Index components and weights. Jim Rogers also is the author of Investment Biker, Adventure Capitalist, Hot Commodities, A Bull In China, A Gift to My Children and Street Smarts – Adventures on the Road and in the Markets. "Jim Rogers", "James Beeland Rogers, Jr.", and "Rogers" are trademarks and service marks of, and "Rogers International Commodity Index" and "RICI" are registered trademarks and service marks of, Beeland Interests, Inc., which are used subject to license. The personal names and likeness of Jim Rogers/James Beeland Rogers, Jr. are owned and licensed by James Beeland Rogers, Jr.Related Links :http://www.beelandinterests.com
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Thailand Board of Investment Points Out the High Potential for Thailand to Be Bioplastics Hub
BANGKOK, Jan. 17, 2020 /PRNewswire/ -- Thailand is attracting billions of baht of investments in bioplastics from global and local players seizing the opportunities the country offers as a production hub for bio-based industries due to its abundant raw materials, existing value chain and supportive government policies, the Thailand Board of Investment said. Thailand Board of Investment (BOI) Secretary General Duangjai Asawachintachit attended the grand opening ceremony of the Total Corbion PLA (Thailand) Ltd. plant back in September 2019. In the past four years, the BOI approved a total of 15 bioplastics production project worth a total of 16.1 billion baht in investment value, according to BOI data. "The global market for bioplastics is steadily growing, thanks to increasing demand for eco-friendly products by consumers worldwide, strong support from the public sector and technological innovation from the private and industrial sectors," said BOI Secretary General Duangjai Asawachintachit. "With our strong agricultural base and with Southeast Asia projected to become the world's major bioplastics manufacturing region in the next 10 years, Thailand is well positioned to grow as a bioplastics hub, regionally and globally," she added. Thailand grows a wide range of agricultural products, including around 30 million tons of cassava a year, a commodity for which it is the world's top exporter. As for supporting industries, Thailand currently has thousands of companies covering various stages of the bioplastics value chain. The opening, in September 2019, of the world's second largest PLA (Poly Lactic Acid) plant by Total Corbion PLA (Thailand) Ltd., a joint venture between French energy group Total and Amsterdam-based biochemicals company Corbion, represented another important step in the development. "It's an important contribution to the sector as it adds to other bioplastic makers already invested in Thailand, including international companies such as Mitsubishi Chemical Corporation, as well as local and regional players," Ms Duangjai said. The Total Corbion PLA factory, which is located at the Asia Industrial Estate in Rayong Province, has a production capacity of 75,000 tons per year of PLA, a versatile biopolymer with a low carbon footprint, using renewable resources such as sugar cane as raw materials. PTT MCC Biochem, a joint venture between Thailand's PTT Global Chemical PCL, and Japan's Mitsubishi Chemical Corporation (MCC), has also received BOI's investment incentives for its production facility in Rayong. The plant of a biochemical called bio-butanediol (BIO BDO) made from raw materials including raw sugar and cassava. With the growing trend towards circular economy, bioplastics is seen by many as a sustainable alternative to chemically produced plastics, as they help limit the use of fossil resources and reduce the emission of CO2 and greenhouse gases. The global bioplastics production capacity is set to increase from around 2.1 million tonnes in 2019 to 2.4 million tonnes in 2024, European Bioplastics, the European association representing the interests of the industry, said in December. Application for bioplastics is largely in packaging, but other sectors including textiles, consumer goods, transport and automotive, building and construction also illustrate an increasing share of the global demand for bioplastic materials. "The trend towards Bioplastics not only boosts economic growth in the manufacturing sector but also agriculture production and the circular economy as a whole," Ms Duangjai said. The BOI offers a wide range of investment incentives to activities related to the sector to support the manufacture of eco-friendly chemicals and of eco-friendly products. Investment in bioplastics-related projects are granted 8-year corporate income tax (CIT) exemption, import duty exemption for machinery as well as other non-tax benefits. For more information, please contact:Thailand Board of InvestmentTel. +66 (0) 2553 8111Website: www.boi.go.th Photo - https://photos.prnasia.com/prnh/20200117/2695599-1?lang=0Related Links :http://www.boi.go.th
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Where to Eat, Play and Buy for the Lunar year, Changing the World by Consumption
HONG KONG, Jan. 17, 2020 /PRNewswire/ -- Stepping into 2020, Tithe Ethical Consumption Movement (TECM) organized by Fullness Social Enterprise Society (FSES) is entering its 9th Anniversary. The organizer aims to drive more awareness and support to the sustainability of social entrepreneurship in Hong Kong, while TECM enhances the notion of "Change the World by Consumption". To start the year, TECM will be collaborating with various social enterprises in arranging various workshops and bazaars for the public to enjoy. TECM After 8 years of hard work, along with the support from the government, corporates, social enterprises, volunteers and consumers, Tithe Ethical Consumption Movement has successfully incorporated over 200 social enterprises in town in promoting ethical consumption as well as helping the socially vulnerable. By extending the momentum from 2018, TECM has kicked off the new year with the theme - "Where to Eat, Play, Buy Well for the Lunar Year" along with a media preview by inviting media and KOL influencers for a workshop hosted by social enterprises (SE) under the St. James' Settlement. The enterprises include the GroundWorks, a SE which supports local farming and handcrafts; and "Share Moments" Cafe, a SE which promotes healthy eating. Under the chef from GroundWorks, not only that the media were able to learn about how to make peanut candy through the workshop, they were also introduced the idea of making conscious consumptions at social enterprises as they prepare for the Lunar Year. To know more, please like the Facebook page of Tithe Ethical Consumption Movement and keep a close eye on what local social enterprises have to offer during the Lunar New Year. After the Lunar New Year, TECM will continue its work by partnering with various local SE and organizations and will be launching different promotion campaigns. Be sure to check out their social media platforms in case of missing any of it. For More Information: Here "Share Moments" Cafe "Share Moments" Cafe launches its first "Lunar New Year Pun Choi", bringing a twist to the traditional celebration plate. Using the Japanese Dashi broth as the base while adding 14 different freshly selected ingredients including roasted poussin, black tiger shrimps, scallops, Japanese Cha Siu, yam fishballs, Japanese fishcakes, etc, giving the traditional plate a daring twist. Without adding MSG and with low salt, sugar, and oil, chef from the cafe wishes to shake the stigma off greasy Pun Choi, providing a healthier option to the market. "Share Moments" Cafe has different traditional snacks, including curry fishballs, Siu Mai with Fish, and faux shark fin's soup. There is also the new Miso bakes drumstick. Lunar New Year Pun Choi (8-10 servings) Takeaway: $988up/ In-shop Lunch: $1,488upLaunch Period: 3rd February to 29th March 2020 Booking Hotline: 9062 8345 Ordering before 24th January enjoys early bird discountAddress: 74 Stone Nullah Ln, Wan Chai (Blue House) Ground Works Address: Wan Chai, Stone Nullah Ln, 74A (Blue House)Phone: 2116 1106 Ground Works launches many gift sets during this Lunar New Year. Other than its own organic sweets and jams, sets also include shrimp roe noodles and vegan noodles from Liu Chuen Noodle Food Manufactory. These gift sets also incorporate organic goods, setting it apart from ordinary Lunar New Year gift sets. About FSES Contribute Profession, Promote Innovation, Transform the City Established in 2011, FSES is the first non-profitable organization formed by intellectual volunteers in Hong Kong. Its vision is to gather professionals from different fields as volunteers, whose knowledge, expertise and experience will be the concrete basis for the sustainability of social entrepreneurship and social innovation. Its events cover the fields of politics, business, sociology, education, civics, etc. As such, social enterprises in town can blossom and thrive. FSES also deliberately formulates an actionable ideology, which leverages knowledge to realize social innovation, and in turn transform the city. About TECM Sponsored by the Home Affairs Bureau, Tithe Ethical Consumption Movement organized by FSES is entering its 9th anniversary. TECM gathers over 200 social enterprises, covering 5 different areas including "eating", "playing", "buying", and "individual and corporation service". Myriads of promotion events will be held. This year, TECM will reinforce the cooperation between business and social parties, with an aim to foster stronger and more intimate bonding between social enterprises and organizations in all fields. Diverse workshops, training programs, and matching platforms will be continuously held, through which social enterprises may have more opportunities to develop their business. Simultaneously, business parties can leverage resources more effectively and give their best back to society. Photo - https://photos.prnasia.com/prnh/20200116/2694582-1?lang=0
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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. 17, 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. View original content:http://www.prnewswire.com/news-releases/the-bfa-annual-conference-2020-to-kick-off-in-late-march-300988712.html
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Equiteq advises award-winning fintech firm Choice Financial Solutions on its sale to German fintech firm Raisin
Equiteq, the leading M&A advisory firm for companies in the knowledge economy, is pleased to announce that it has advised Choice Financial Solutions ("Choice FS"), a leading U.S. and European fintech firm focused on consumer deposit automation, on its sale to Raisin, a pan-European wealth management fintech firm. NEW YORK, Jan. 16, 2020 /PRNewswire/ -- Launched in 2011, Choice FS has developed a software solution that allows banks and credit unions to meet customers where they are: savers can use it to create customized deposit accounts, dynamically and automatically based on their personalized needs. The acquisition will make the first real innovation to the U.S. deposits market in generations broadly accessible to banks across the country. Raisin will license Choice FS' original software to American banks, enabling the banks to create uniquely flexible deposits and offer those products directly to their own customers. Raisin has originated over €18 billion for more than 225,000 customers in 31 European countries, delivering the retail funding to 88 partner banks since its inception in 2013. Raisin was named to Europe's top 5 fintechs by the renowned FinTech50 awards and is backed by prestigious European and American investors such as Goldman Sachs, PayPal Ventures, Thrive Capital, Index Ventures, Orange Digital Ventures and Ribbit Capital. Raisin U.S. CEO, Paul Knodel, commented: "Joining forces with Choice FS lets Raisin begin offering cutting-edge services to banks and customers before we even launch our U.S. platform. As a leading innovator in the deposits space, Raisin sees Choice FS as a perfect fit for our mission in the U.S. deposits market. The enthusiastic market feedback we have already received affirms how ripe the savings space is for just this type of personalization." Choice FS' CEO, Daniel Smith, commented: "Joining the Raisin family for us means greatly strengthening our ability to scale and connect our software to the sector that needs it most." Regarding Equiteq's role in the transaction, Mr. Smith added: "The Equiteq team demonstrated a clear understanding of our industry, as well as an appreciation of the value proposition we bring to financial institutions. These capabilities were fundamental in allowing us to correctly position Choice FS in the market. Their guidance with the M&A process was key to enabling us to achieve the desired result and ultimately reach an agreement with the perfect partner that we are very excited to be moving forward with." Daniel Siller, Managing Director at Equiteq, commented: "The acquisition of Choice FS provides Raisin with a fantastic product to enter the U.S. market. It is a win for depositors who will have access to more simple and lucrative deposit options, banks will benefit through the lowering of their cost of funding and deposit maturity extensions. Raisin gains a fantastic team through this acquisition that will see their firm launch successfully in the U.S. We wish the Choice FS team and the whole Raisin family great success." About Equiteq (www.equiteq.com) Equiteq is the knowledge economy M&A specialist, advising owners of knowledge-intensive businesses around the world from offices in London, Paris, New York, Boston, Singapore, and Sydney. Equiteq helps owners best achieve their value and exit objectives through accelerating equity growth and ultimately realizing that value in a trade or private equity sale. Logo - https://mma.prnewswire.com/media/1064192/Equiteq_Logo.jpg Related Links :https://www.equiteq.com/home/https://www.equiteq.com
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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
