NYSE Content Advisory: Pre-Market update + Trump sets 35% tariff on Canada
China National Pavilion Day at Expo 2025 Osaka, Japan Kicks Off
eufyMake UV Printer E1 Becomes the Most Funded Project in Kickstarter History, Surpassing $46 Million
International Property Alerts Unveils Global Investment Opportunities at Global Property Expo Singapore 2025
Avatar Capital Partners Closes Debut Real Estate Fund at JPY 15.2 billion in 12 months, and Welcomes Townsend and its client as a Strategic Partner
Avatar Capital Partners Closes Debut Real Estate Fund at JPY 15.2 billion in 12 months, and Welcomes Townsend Group and its client as a Strategic Part
One Million Users in Malaysia Are Now on moomoo
UnionPay and Bank of China Indonesia Showcase SplendorPlus Debit Card Privileges in Jakarta and Medan Roadshows
Why Property Managers Are Losing ROI Without Modern Inspection Software--And the Smart Way to Fix It
Al-Hogail Thanks the Leadership for the Council of Ministers' Approval of the Updated Regulation for Non-Saudis' Ownership of Real Estate
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Vantage to Take Center Stage as Diamond Sponsor at Wealth Expo Ecuador 2025
PORT VILA, Vanuatu, July 10, 2025 /PRNewswire/ -- Vantage Markets is proud to announce its participation as a Diamond Sponsor at Wealth Expo Ecuador 2025, taking place on July 19th at the Quorum Convention Center in Quito. As one of the leading financial expos in the region, this event will bring together top brokers, fintech innovators, investors, and trading professionals for a full day of high-impact learning and networking. Vantage to Take Center Stage as Diamond Sponsor at Wealth Expo Ecuador 2025 At the heart of Vantage's presence will be a dynamic and engaging booth experience. Visitors will be invited to participate in a thrilling air raffle challenge, where they can step inside a glass raffle machine and attempt to grab tickets flying in the air. Lucky winners will walk away with exclusive Vantage merchandise kits or special gift cards – a fun and rewarding way to connect with the brand. Rodrigo Martínez, Business Development Team Lead, will deliver a keynote presentation on the main stage titled "Smart CopyTrading Within Everyone's Reach." His session will explore how Vantage's intuitive platform and innovative copy trading technology can empower both new and experienced traders to participate confidently in global markets. Further adding to the educational value of the expo, Juan Gonzalez, Client Relationship Growth Market Analyst, will lead a workshop on "Emotional Management & Psychotrading," guiding attendees through the psychological aspects of trading and how to manage emotions for better decision-making. Jose Flores, Business Development Manager, will also represent Vantage in a panel discussion, contributing strategic insights on market trends and the evolution of financial inclusion in the LATAM region. As a prelude to the main event, Vantage will sponsor the official Wealth Expo Cocktail Reception on July 18th, also held at the Quorum Convention Center. This exclusive evening will offer guests a relaxed and elegant environment to build connections, exchange ideas, and unwind with industry peers over cocktails and appetizers. "Vantage's participation in this year's Wealth Expo Ecuador reflects our broader commitment to supporting financial education and engagement at international industry events," said Marc Despallieres, CEO of Vantage Markets. "Through thought leadership, product education, and genuine engagement, we aim to support traders at all levels." With over 800 attendees expected, Wealth Expo Ecuador 2025 is set to deliver exceptional opportunities for financial learning, platform discovery, and collaboration. Attendees at the expo are invited to engage with Vantage representatives and learn more about CFD trading tools and educational resources. About Vantage Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds. With over 15 years of market experience, Vantage transcends the role of broker, providing a reliable trading platform, an award-winning mobile trading app, and a user-friendly trading platform that provide clients access to trading opportunities. trade smarter @vantage RISK WARNING: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading. Disclaimer: This article is provided for informational purposes only and does not constitute financial advice, an offer, or solicitation of any financial products or services. The content is not intended for residents of any jurisdiction where such distribution or use would be contrary to local law or regulation. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk. Photo - https://mma.prnasia.com/media2/2728497/Vantage_Take_Center_Stage_Diamond_Sponsor_Wealth_Expo_Ecuador_2025.jpg?p=medium600Logo - https://mma.prnasia.com/media2/2506103/Vantage_15_Logo_Logo.jpg?p=medium600
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Vantage to Take Center Stage as Diamond Sponsor at Wealth Expo Ecuador 2025
PORT VILA, Vanuatu, July 10, 2025 /PRNewswire/ -- Vantage Markets is proud to announce its participation as a Diamond Sponsor at Wealth Expo Ecuador 2025, taking place on July 19th at the Quorum Convention Center in Quito. As one of the leading financial expos in the region, this event will bring together top brokers, fintech innovators, investors, and trading professionals for a full day of high-impact learning and networking. Vantage to Take Center Stage as Diamond Sponsor at Wealth Expo Ecuador 2025 At the heart of Vantage's presence will be a dynamic and engaging booth experience. Visitors will be invited to participate in a thrilling air raffle challenge, where they can step inside a glass raffle machine and attempt to grab tickets flying in the air. Lucky winners will walk away with exclusive Vantage merchandise kits or special gift cards – a fun and rewarding way to connect with the brand. Rodrigo Martínez, Business Development Team Lead, will deliver a keynote presentation on the main stage titled "Smart CopyTrading Within Everyone's Reach." His session will explore how Vantage's intuitive platform and innovative copy trading technology can empower both new and experienced traders to participate confidently in global markets. Further adding to the educational value of the expo, Juan Gonzalez, Client Relationship Growth Market Analyst, will lead a workshop on "Emotional Management & Psychotrading," guiding attendees through the psychological aspects of trading and how to manage emotions for better decision-making. Jose Flores, Business Development Manager, will also represent Vantage in a panel discussion, contributing strategic insights on market trends and the evolution of financial inclusion in the LATAM region. As a prelude to the main event, Vantage will sponsor the official Wealth Expo Cocktail Reception on July 18th, also held at the Quorum Convention Center. This exclusive evening will offer guests a relaxed and elegant environment to build connections, exchange ideas, and unwind with industry peers over cocktails and appetizers. "Vantage's participation in this year's Wealth Expo Ecuador reflects our broader commitment to supporting financial education and engagement at international industry events," said Marc Despallieres, CEO of Vantage Markets. "Through thought leadership, product education, and genuine engagement, we aim to support traders at all levels." With over 800 attendees expected, Wealth Expo Ecuador 2025 is set to deliver exceptional opportunities for financial learning, platform discovery, and collaboration. Attendees at the expo are invited to engage with Vantage representatives and learn more about CFD trading tools and educational resources. About Vantage Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds. With over 15 years of market experience, Vantage transcends the role of broker, providing a reliable trading platform, an award-winning mobile trading app, and a user-friendly trading platform that provide clients access to trading opportunities. trade smarter @vantage RISK WARNING: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Ensure you understand the risks before trading. Disclaimer: This article is provided for informational purposes only and does not constitute financial advice, an offer, or solicitation of any financial products or services. The content is not intended for residents of any jurisdiction where such distribution or use would be contrary to local law or regulation. Readers are advised to seek independent professional advice before making any investment or financial decisions. Any reliance you place on the information presented is strictly at your own risk.
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NYSE Content advisory: Pre-Market update + ICE launches NYSE Elite Tech 100 Index
NEW YORK, July 10, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. jwplayer.key="3Fznr2BGJZtpwZmA+81lm048ks6+0NjLXyDdsO2YkfE=" NYSE Content advisory: Pre-Market update + ICE launches NYSE Elite Tech 100 Index jwplayer('myplayer1').setup({file: 'https://mma.prnasia.com/media2/2728759/NYSE_Market_Update_July_10.mp4', image: 'https://mma.prnasia.com/media2/2728759/NYSE_Market_Update_July_10.mp4?p=thumbnail', autostart:'false', stretching : 'uniform', width: '512', height: '288'}); Kristen Scholer delivers the pre-market update on July 10th Stocks are coming off a winning session, with the S&P 500 gaining more than 0.6% Investors monitor latest trade talks, with President Trump announcing a 50% tariff on Brazil on Wednesday NYSE parent company Intercontinental Exchange launches NYSE Elite Tech 100 Index, set to debut later this month Opening Bell Minnesota Business Partnership shines a national spotlight on Minnesota's world-class businesses and the exceptional employees driving their success and advancing Minnesota's headquarters economy Closing Bell Calamos Investments (NYSE Arca: CAIE) celebrates the recent launch of their CAIE ETF Click here to download the NYSE TV App
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Liberty Hall Capital Partners Acquires Paxia
Aerospace Focused Private Equity Firm Completes New Platform Acquisition with Purchase of Aviation Software Business CHARLESTON, S.C. and HERNDON, Va., July 10, 2025 /PRNewswire/ -- Liberty Hall Capital Partners ("Liberty Hall"), a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, announced today the acquisition of Paxia, Inc. ("Paxia"), a leading global provider of integrated, value enhancing onboard services and catering management software solutions serving the commercial aerospace industry. Paxia was acquired from TELEO Capital, who is retaining a minority interest in the company. Terms of the transaction were not disclosed. "We are very excited for Paxia to join our portfolio of businesses as our next platform acquisition," said Rowan Taylor, Liberty Hall's founding and Managing Partner. "This acquisition, which is our twenty-second acquisition since the formation of Liberty Hall, represents another example of our research-driven, proactive origination and sourcing strategy within one of our key investment verticals, aviation software, where we seek to identify and acquire businesses which provide efficiency-centric software solutions. Paxia is a market leader and stands out for its deep domain expertise, strong customer partnerships and purpose-built software that addresses complex operational and catering logistics challenges." Paxia operates a software as a service (SaaS) business model and represents Liberty Hall's seventh SaaS investment, including three platform and four add-on acquisitions. The transaction advances the execution of Liberty Hall's investment thesis focused on the digital transformation occurring within the aviation industry, which is driving further adoption of digital-based processes and workflows. James Black, Partner at Liberty Hall, added, "Over its nearly twenty-five year history, Paxia has grown into a leading global provider of onboard software services through product innovation and operational excellence. We are excited to partner with management and provide Paxia the resources to build upon its differentiated product offering and track record of disruption within its market segment and accelerate the introduction of new products and technologies to deliver greater value to its customers." Founded in 2000, Paxia provides a SaaS-based, mission-critical, fully integrated, end-to-end onboard services and catering management platform designed to simplify and optimize the entire catering operation, connecting suppliers, caterers, kitchens and airline operations through a "single source of truth". Paxia serves several of the world's leading airlines, including Alaska Airlines, British Airways, Cathay Pacific, Delta Airlines, flydubai and Scandinavian Airlines, offering a suite of modular solutions, which supports all sizes of airlines with tailored applications and configurations to improve business operations and meet growing compliance requirements. Paxia's existing management team, led by CEO Rodney Duty, will remain in their roles following the acquisition. "Joining forces with Liberty Hall marks an exciting milestone for Paxia," said Mr. Duty. "Liberty Hall's deep experience in aviation software and industry focused investment approach make them an ideal partner as we scale our platform, bolster customer relationships and pursue new growth opportunities. We're confident this partnership will accelerate our ability to deliver innovative solutions to our customers and execute our go-to-market growth plans," he added. Houlihan Lokey, Inc. served as financial advisor to Liberty Hall. Gibson, Dunn & Crutcher LLP served as legal counsel to Liberty Hall and O'Melveny & Myers LLP served as legal counsel to the seller. About Liberty Hall Capital Partners Liberty Hall Capital Partners is a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry. Liberty Hall's principals have a 25-plus year history of working together and have led the investment of $3.0 billion in equity capital in over 30 businesses serving multiple segments of the aerospace and defense industry, including the investment of $1.2 billion in equity capital in over 20 businesses since the formation of Liberty Hall. Liberty Hall was founded in July 2011 as the first, and remains the only, private equity firm singularly focused on investments in middle market businesses serving the aerospace and defense industry. Liberty Hall executes a proven and repeatable investment strategy designed to transform middle market businesses into larger, more capable and diverse strategic assets. For more information, please visit www.libertyhallcapital.com. About PaxiaPaxia, headquartered in Herndon, Virginia, is a premier provider of cloud-based airline catering management solutions, transforming onboard services for global airlines. With over 25 years of industry expertise, Paxia's integrated platform, Paxia Cloud, streamlines catering operations by connecting suppliers, caterers and airline operations with a single source of truth. Its modular applications, including end-to-end service management and galley planning, optimize meal specifications, flight schedules, inventory and invoicing, reducing waste, fuel costs and operational complexities. Trusted by the world's leading airlines, Paxia delivers data-driven insights, predictive analytics, and automation to enhance efficiency, cut costs and improve the in-flight dining experience. For more information, please visit www.paxiasolutions.com. For Liberty Hall: For Media: Rowan Taylor Val Mack Liberty Hall Capital Partners FTI Consulting P: +1 (646) 291-2602 P: +1 (212) 247-1010 rtaylor@libertyhallcapital.com libertyhallcapital@fticonsulting.com For Paxia: Rodney Duty Paxia, Inc. P: +1 (678) 756-7936 rodney@paxiasolutions.com
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Tokyo Lifestyle Co., Ltd. Reports Fiscal Year 2025 Financial Results
TOKYO, July 10, 2025 /PRNewswire/ -- Tokyo Lifestyle Co., Ltd. ("Tokyo Lifestyle" or the "Company") (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, collectible cards, trendy toys as well as other products in Hong Kong, Japan, North America, Thailand and the United Kingdom, today announced its financial results for the fiscal year ended March 31, 2025 ("fiscal year 2025"). Mr. Mei Kanayama, Principal Executive Officer of Tokyo Lifestyle, commented: "We are pleased to present a robust performance report for fiscal year 2025. Our total revenue increased by 7.4%, accompanied by a 2.3% increase in gross profit, reflecting the steady and healthy growth of our overall business. Throughout the year, we accelerated our expansion efforts by both strengthening our existing network and venturing into new territories. We successfully opened five new directly operated stores in the United States, Canada, and Hong Kong, reinforcing our business footprint and enhancing brand recognition in these key markets. Notably, revenue from directly operated physical stores increased by 14.4% during fiscal year 2025. "Simultaneously, we adopted a flexible and targeted approach to support our global expansion by integrating franchise stores and wholesale customers. Specifically, during fiscal year 2025, we added three new franchise stores and 54 new wholesale customers to our sales network. Revenue from franchise stores and wholesale customers increased by 9.1%. As part of this expansion roadmap, we have made selective and targeted adjustments to our online presence, including the closure of certain online stores, in line with our efforts to enhance operational efficiency and focus on higher-performing channels. "Overall, thanks to our ambitious yet well-planned expansion strategy, we remain confident in our business potential and long-term growth prospects. We believe that our profitability will continue to improve steadily as our global footprint becomes more established with the addition of further distribution outposts. "To better support this long-term vision, we continue exploring opportunities in new territories and emerging business sectors. Recently, we have established a new subsidiary in Australia, and planned store openings in Vietnam, Australia, and the Middle East, which we believe to be vibrant markets that are integral to a balanced global strategy. "Concurrently, we have expanded into new product categories, including collectible cards and trendy toys, now offering over 1,300 stock keeping units ("SKUs") within our sales network. Signature products such as Pokémon cards and BE@RBRICK figures not only enrich our product portfolio but also reflect our commitment to stay ahead of evolving consumer trends. We believe these additions will appeal to a broader young consumer base, becoming a promising new revenue stream that injects strong momentum into our growth trajectory. "We believe that our diligent efforts and operational excellence have earned widespread recognition from both the market and investors. With a robust cash reserve and strong financing capability, we are well-positioned to support our ongoing expansion, an achievement that is particularly noteworthy amid the current macroeconomic environment. "Looking ahead, we remain committed to our core strategies, focusing on disciplined execution to drive sustainable growth and deliver greater value to our stakeholders, who continue to be our steadfast supporters and partners in success." Mr. Youichiro Haga, Principal Accounting and Financial Officer of Tokyo Lifestyle, remarked: "We are proud to report the Company's solid financial performance for fiscal year 2025. Despite our continued expansion and globalization efforts, we have maintained a strong financial position to support both current operations and future growth. "As of March 31, 2025, we held $4.8 million in cash, a significant increase from $2.5 million as of March 31, 2024. Additionally, we had approximately $107.3 million in accounts receivable from third parties. Approximately 31.9% of this balance has already been collected as of today, and the majority of the remaining balance is expected to be collected by December 31, 2025. This continued cash inflow further strengthens our financial capability to support our strategic growth initiatives. "Our cost of revenue increased by 8.1%, generally in line with revenue growth, primarily reflecting the ongoing expansion and associated increases in payroll and operational costs in new regions. At the same time, we implemented rigorous cost control measures, notably by reducing online sales-related expenses, such as transaction fees to third-party e-commerce platforms, as well as promotion and advertising costs. "Thanks to these disciplined efforts, we managed to maintain a moderate 9.1% increase in total operating expenses, keeping pace with our expansion. This result highlights the effectiveness of our operational management and prudent cost discipline, supporting our broader strategic blueprint. "For fiscal year 2025, we reported net income of $6.6 million. "Looking forward, we will continue adhering to disciplined cost management and sound investment strategies to further enhance our financial foundation and drive sustainable long-term growth." Fiscal Year 2025 Financial Summary Total revenue was $210.1 million for fiscal year 2025, increased by 7.4% from $195.7 million for the fiscal year ended March 31, 2024 ("fiscal year 2024"). Gross profit was $23.9 million for fiscal year 2025, increased by 2.3% from $23.4 million for fiscal year 2024. Income from operations was $4.7 million for fiscal year 2025, compared to $5.8 million for fiscal year 2024. Net income was $6.6 million for fiscal year 2025. Net cash provided by financing activities increased to $4.0 million for fiscal year 2025, from net cash used in financing activities of $1.8 million for fiscal year 2024. Basic earnings per share was $0.16 for fiscal year 2025. Diluted earnings per share was $0.19 for fiscal year 2025. Fiscal Year 2025 Financial Results Revenue Revenue increased by 7.4%, to $210.1 million for fiscal year 2025, from $195.7 million for fiscal year 2024. The increase in the Company's revenue consisted of increased revenue from directly-operated physical stores and franchise stores and wholesale customers. For the Fiscal Years Ended March 31, Variance ($ millions) 2025 % 2024 % Amount % Directly-operated physicalstores $ 17.1 8.1 % $ 15.0 7.6 % $ 2.1 14.4 % Online stores and services 7.5 3.6 % 10.7 5.5 % (3.2) (30.0) % Franchise stores andwholesale customers 185.5 88.3 % 170.0 86.9 % 15.5 9.1 % Total Revenue $ 210.1 100.0 % $ 195.7 100.0 % $ 14.4 7.4 % Revenue denominated in Japanese Yen increased by 13.3%, to ¥31,952.8 million for fiscal year 2025, from ¥28,208.1 million for fiscal year 2024. The increase was mainly due to increased revenue from franchise stores and wholesale customers by 15.1%, to ¥28,215.6 million for fiscal year 2025, from ¥24,524.6 million for fiscal year 2024, as well as increased revenue from directly-operated physical stores by 21.3%, to ¥2,597.6 million for fiscal year 2025, from ¥2,142.0 million for fiscal year 2024. For the Fiscal Years Ended March 31, Variance (¥ millions) 2025 % 2024 % Amount % Directly-operated physicalstores ¥ 2,597.6 8.1 % ¥ 2,142.0 7.6 % ¥ 455.6 21.3 % Online stores and services 1,139.6 3.6 % 1,541.5 5.5 % (401.9) (26.1) % Franchise stores and wholesale customers 28,215.6 88.3 % 24,524.6 86.9 % 3,691.0 15.1 % Total Revenue ¥ 31,952.8 100.0 % ¥ 28,208.1 100.0 % ¥ 3,744.7 13.3 % Revenue from directly-operated physical stores increased by 14.4%, to $17.1 million for fiscal year 2025, from $15.0 million for fiscal year 2024. The increase was mainly due to increased revenue generated from the United States and Canada, which resulted from full year operations of the Company's existing directly-operated physical stores in these countries, as well as three newly-opened physical stores in the United States. Meanwhile, revenue generated from Hong Kong also increased since the Company opened one physical store during fiscal year 2025. In addition, the Company offered promotion activities and price discounts to the Company's customers, which attracted more customers to make purchases at the Company's physical stores, and revenue from the Company's existing physical stores in Hong Kong also increased in fiscal year 2025 as compared to the same period last year. The above-mentioned increase was partially offset by decreased revenue from directly-operated physical stores in Japan. Revenue from franchise stores and wholesale customers increased by 9.1%, to $185.5 million for fiscal year 2025, from $170.0 million for fiscal year 2024. The increase was mainly due to the Company's continuous effort in extending the Company's products offering as the Company's total SKUs increased from approximately 151,700 SKUs during the fiscal year 2024, to approximately 201,300 SKUs during fiscal year 2025. In addition, there was increased revenue from the new wholesale customers because the Company continued to develop the Company's customer base by entering into business relationships with new wholesale customers during fiscal year 2025. Cost of Revenue Total cost of revenue increased by 8.1%, to $186.2 million for fiscal year 2025, from $172.3 million for fiscal year 2024. Gross Profit and Gross Margin Gross profit increased by 2.3%, to $23.9 million for fiscal year 2025, from $23.4 million for fiscal year 2024. Gross margin remained relatively stable at 11.4% for fiscal year 2025. Operating Expenses Operating expenses consist of selling and marketing expenses and general and administrative expenses, which primarily include payroll, employee benefit expenses and bonus expenses, shipping expenses, promotion and advertising expenses, and other facility-related costs, such as store rent, utilities, and depreciation. Operating expenses increased by 9.1%, to $19.2 million for fiscal year 2025, from $17.6 million for fiscal year 2024. The increase in operating expenses was primarily attributable to the following factors: a decrease in net recovery of credit losses by 89.2%, to $(220,368) for fiscal year 2025, from $(2,043,939) for fiscal year 2024. The decrease in net recovery of credit losses was mainly due to the collection of long-term receivables and accounts receivable, causing a large net recovery of credit losses during fiscal year 2024; an increase in payroll, employee benefit expenses, and bonus expenses by 15.2%, to $6.5 million for fiscal year 2025, from $5.7 million for fiscal year 2024. The increase was mainly due to increased payroll, employee benefit expenses, and bonus expenses of $1.3 million in Hong Kong, the United States and Canada, which was due to the increased headcount caused by the expansion of the Company's business operation in these regions. The increase was partially offset by the decreased payroll, employee benefit expenses, and bonus expenses of $0.4 million in Japan, which was attributable to the decreased headcount resulting from the implementation of cost control as well as the transformation of the Company's directly-operated physical stores in Japan; an increase in lease expenses by 24.0%, to $2.5 million for fiscal year 2025, from $2.0 million for fiscal year 2024. The increase was mainly due to the full year operations of the Company's existing directly-operated physical stores in the United States and Canada, as well as the opening of new physical stores in the United States and Hong Kong in fiscal year 2025; a decrease in transaction commission paid to third-party e-commerce marketplace operators by 31.9%, to $1.3 million for fiscal year 2025, from $1.9 million for fiscal year 2024. The Company paid third-party e-commerce marketplace operators transaction commission ranging from 1.8% to 3.0% based on the Company's sales amount. The decrease in transaction commission was in line with the decrease in the Company's online sales; a decrease in promotion and advertising expenses by 77.8%, to $0.2 million for fiscal year 2025, from $0.8 million for fiscal year 2024. The decrease was mainly due to the Company's effort in cost control as well as decreased promotion and advertising expenses for the Company's physical stores as the Company has transformed some of the Company's physical stores into franchise stores; and a decrease in professional service fees by 8.8%, to $3.2 million for fiscal year 2025, from $3.5 million for fiscal year 2024. The decrease was mainly due to the decreased professional fees paid to the Company's lawyers for services incurred for the consumption tax examination and issuance of shares. Interest Expenses, net Interest expenses, net included interest expenses calculated at interest rate per loan agreements and loan service costs, which were directly incremental to the loan agreements and amortized over the loan periods. Interest expenses, net increased by 7.0%, to $1.7 million for fiscal year 2025, from $1.6 million for fiscal year 2024. The increase was mainly due to an increase in interest expenses of $441,203, which was mainly due to the increased weighted average interest rate for fiscal year 2025, which was partially offset by the decrease in amortized loan service costs in relation to the Company's syndicated loans by $328,525. Other Income, net Other income, net primarily includes tax refund, disposal gain or loss from property and equipment, government subsidy, and other immaterial income and expense items. Other income, net decreased by 52.1%, to $364,294 for fiscal year 2025, from $760,435 for fiscal year 2024. The decrease was mainly due to the decreased gain from disposal of property and equipment as compared to the same period of last year. Gain (loss) from Foreign Currency Exchange Loss from foreign currency exchange was $440,055 for fiscal year 2025, as compared to a gain from foreign currency exchange of $3,065,971 for fiscal year 2024. The loss from foreign currency exchange was mainly due to the fluctuations of foreign exchange rates on the Company accounts receivable that denominated in foreign currencies such as U.S. dollar during the fiscal year 2025. It was also due to the loss from foreign currency exchange by the Company's Hong Kong subsidiary, which was mainly due to the significant fluctuations of foreign exchange rate on its payables that were denominated in Japanese Yen during the fiscal year 2025. Provision (Benefit) for Income Taxes Benefit for income taxes was $1.9 million for fiscal year 2025 as compared to provision for income taxes of $0.5 million for fiscal year 2024. Provision for income taxes decreased by 512.3%. The decrease in provision for income taxes was mainly due to the decreased current income tax expenses resulted from decreased taxable income for fiscal year 2025 and the refund of tax after the ruling from the National Tax Tribunal, dated February 12, 2025. Net Income Net income decreased to $6.6 million for fiscal year 2025, compared to $7.5 million for fiscal year 2024, primarily due to loss from foreign currency exchange and change in fair value of warrants. Basic and Diluted Earnings per Share Basic earnings per share was $0.16 for fiscal year 2025, compared to $0.20 for fiscal year 2024. Diluted earnings per share was $0.19 for fiscal year 2025, compared to $0.20 for fiscal year 2024. Financial Condition As of March 31, 2025, the Company had $4.8 million in cash as compared to $2.5 million as of March 31, 2024. As of March 31, 2025, the Company also had approximately $107.3 million of account receivable balance due from third parties. Approximately 31.9% of the March 31, 2025 balance has subsequently been collected, and the majority of the remaining balance is expected to be collected by December 31, 2025. The collection of such receivables made cash available for use in the Company's operations as working capital, if necessary. Net cash used in operating activities was $0.6 million for fiscal year 2025, mainly derived from a net income of $6.6 million for the year, and net changes in the Company operating assets and liabilities, which mainly included increased prepaid expenses and other current assets of $10.8 million, and decreased taxes payable of $8.9 million, which was partially offset by the increased deferred revenue of $8.0 million, increased accounts payable of $2.9 million and a decrease in compensation receivable for consumption tax of $0.7 million as the Company has received payments from the debtors according to the collection plan. The Company entered into a sales agreement with a wholesale customer and received advance payment of $6.9 million during fiscal year 2025. In order to fulfill the sales agreement, the Company made advance payments to the Company's suppliers to secure the products. Therefore, the Company's prepaid expenses and other current assets and deferred revenue increased significantly during fiscal year 2025. Net cash used in investing activities amounted to $964,193 for fiscal year 2025, mainly due to purchases of property and equipment in the aggregate amount of $992,068, partially offset by proceeds from disposal of property and equipment of $39,367. Net cash provided by financing activities was $4.0 million for fiscal year 2025, which primarily consisted of proceeds from short-term borrowings of $5.8 million, partially offset by repayments of short-term borrowings of $1.4 million, repayments of long-term borrowings of $0.2 million and repayment of obligations under finance leases of $0.2 million. Conference Call Information The Company will host an earnings conference call at 8:30 am U.S. Eastern Time (9:30 pm Japan Standard Time) on July 10, 2025. Dial-in details for the conference call are as follows: Dial-in details for the conference call are as follows: Date: July 10, 2025 Time: 8:30 am U.S. Eastern Time International: 1-412-902-4272 United States Toll Free: 1-888-346-8982 Japan Toll Free: 0066-33-1-33094 Conference ID Tokyo Lifestyle Co., Ltd. Please dial in at least 15 minutes before the commencement of the call to ensure timely participation. For those unable to participate, an audio replay of the conference call will be available from approximately one hour after the end of the live call until July 17, 2025. The dial-in for the replay is 1-877-344-7529 within the United States or 1-412-317-0088 internationally. The replay access code is 7762709. A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://www.ystbek.co.jp/irlibrary/. About Tokyo Lifestyle Co., Ltd. Headquartered in Tokyo, Japan, Tokyo Lifestyle Co., Ltd. (formerly known as Yoshitsu Co., Ltd) is a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, collectible cards, trendy toys, and other products in Hong Kong, Japan, North America, Thailand, and the United Kingdom. The Company offers various beauty products (including cosmetics, skincare, fragrance, and body care products), health products (including over-the-counter drugs, nutritional supplements, and medical supplies and devices), sundry products (including home goods), collectible cards and trendy toys (including Pokémon cards, BE@RBRICK and other trendy products) and other products (including food and alcoholic beverages). The Company currently sells its products through directly-operated physical stores, through online stores, and to franchise stores and wholesale customers. For more information, please visit the Company's website at https://www.ystbek.co.jp/irlibrary/. Forward-Looking Statements Certain statements in this press release are forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission. For more information, please contact: Tokyo Lifestyle Co., Ltd. Investor Relations DepartmentEmail: ir@ystbek.co.jp Ascent Investor Relations LLCTina XiaoPresidentPhone: +1-646-932-7242Email: investors@ascent-ir.com TOKYO LIFESTYLE CO., LTD. CONSOLIDATED BALANCE SHEETS March 31, March 31, 2025 2024 ASSETS CURRENT ASSETS: Cash $ 4,819,639 $ 2,475,538 Accounts receivable, net 107,305,580 105,359,841 Accounts receivable - related parties, net 117 25,704 Merchandise inventories, net 4,370,803 4,413,880 Due from related parties 1,208 9,762 Compensation receivable for consumption tax, current, net 7,178,775 7,133,470 Prepaid expenses and other current assets, net 13,542,183 2,748,682 TOTAL CURRENT ASSETS 137,218,305 122,166,877
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ATFX Connect Joins the Duke of Edinburgh Cup City of London Qualifier
LONDON, July 10, 2025 /PRNewswire/ -- ATFX Connect participated in the Duke of Edinburgh Cup City of London Qualifying Event, reaffirming our ongoing commitment to purpose-led partnerships and community-focused initiatives. As the Official Partner of the Duke of Edinburgh Cup, ATFX Connect continues to support this long-standing initiative, now in its eighth year, as part of our broader mission to give back through sport, education, and opportunity. ATFX Connect Joins the Duke of Edinburgh Cup City of London Qualifier This year's event brought together golfers, business leaders, and charitable supporters for an 18-hole challenge in support of The Sheriff's and Recorder's Fund and Richard House Children's Hospice, which are two organisations that deliver meaningful support to youth and families across the UK. The event took place under ideal weather conditions, offering more than just a competitive round of golf. From breakfast to a group photo session, skill challenges, and an evening function featuring speeches, an auction, and prize giving, the event fostered connection, camaraderie, and community impact. A key highlight was the Hole-in-One Challenge at the 8th hole, proudly sponsored by ATFX, offering players the chance to win a brand-new BMW. The challenge brought added excitement and energy to an already high-spirited day. ATFX Connect remains proud to stand alongside the Duke of Edinburgh Cup in its mission to empower the next generation. This event continues to demonstrate the important role corporate partnerships can play in supporting youth development, community outreach, and long-term social impact. Learn more about our eight-year partnership with the Duke of Edinburgh Cup here: https://bit.ly/4lqqHuP About ATFX Connect ATFX Connect is a trading name of AT Global Markets (UK) Limited (authorised and regulated by the FCA), AT Global Markets (Australia) Pty Limited (authorised and regulated by ASIC), and AT Global Financial Services (HK) Limited (authorised and regulated by the SFC). Connect is the Institutional arm of the wider ATFX Group. ATFX Connect offers Institutional and Professional traders an extensive range of services for both Agency PB and Margin accounts, provides bespoke aggregated liquidity in Spot FX, NDFs, indices, Commodities and Precious metals to a wide range of institutional clients from hedge funds, Tier 1 and regional banks, high net worth investors, asset managers, family offices and other brokers. ATFX Connect's liquidity pool is constructed from Tier 1 banks and non-bank providers that it has partnered with, trading in both sweepable and full amount forms. Agency PB Clients can connect via direct FIX API, external technology solutions or via our own trading platform. For margin clients, ATFX Connect provides market access via the group's MT4/MT5 platform and provides a bridge solution for those who wish to connect via FIX API. For further information on ATFX Connect, please visit ATFX Connect website https://www.atfxconnect.com.
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Malaysia Faces a Major Opportunity at Fruit Attraction 2025, Which Reinforces Its Global Reach with 5% growth
MADRID, July 10, 2025 /PRNewswire/ -- Fruit Attraction, organised by IFEMA MADRID and FEPEX and being held from 30 September to 2 October, confirms the strong momentum in its 17th edition for which growth is expected in all its parameters. With more than two months to go, Fruit Attraction confirms the participation of 2,179 companies from 61 countries and an exhibition area of 73,655 square metres, which means an increase of 5% over last year's total. Fruit Attraction Exhibition Forecasts for Fruit Attraction 2025 estimate that the event will surpass 2,500 companies, cover 75,000 square metres of fresh produce offering and welcome over 120,000 trade professionals from 150 countries. In addition to the new features at this edition, such as the new distribution and sectorisation of its ten halls, thetomato has been selected as the start product of this edition. It is the most widely consumed vegetable in the world. The activities at the trade fair will be focused on three areas: its role in our diet, its social and economic value, and the geopolitical implications of its global trade. Malaysia and Mexico will be the main markets of the Guest Importing Countries initiative, which will be added to the impressive Buyers Programme that, with the collaboration of MAPA and ICEX, will bring more than 700 buyers from around the world. Additionally, ICEX will organise the World Fresh Forum, the series of webinars featuring experts and trade professionals focusing on Mexico, Malaysia and China, taking place on 15, 16 and 17 September. Fruit Attraction 2025 will be presenting the Best Stand Awards, which will recognise those exhibition spaces that stand out at the trade fair for their creativity, design and commitment to sustainability in its four categories: Most Original; Best Design; Most Sustainable and Audience Favourite. On the other hand, Fruit Attraction is promoting the Organic Hub Tour, a specially signposted route within the trade fair that will give greater visibility to certified organic products. Finally, Fruit Attraction will once again serve as a hub for industry knowledge, with a full programme of technical forums covering a wide variety of topics and featuring high-level speakers and experts. Fruit Attraction 2025 will be held at the IFEMA MADRID Exhibition Center from Tuesday 30 September to Thursday 2 October, from 9.30am to 7pm, and until 4pm on the last day. Contact: Elena Valera evalera@ifema.es
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FOR SALE BY EXPRESSION OF INTEREST: 9-STOREY INDUSTRIAL BUILDING IN JURONG
SINGAPORE, July 10, 2025 /PRNewswire/ -- Brilliance Capital Pte. Ltd. is proud to present for sale a rare, purpose-built 9-storey general industrial building located at 21 Fan Yoong Road, within the mature Jurong Industrial Estate in the western region of Singapore. The asset is offered with a guide price of S$25 million via an Expression of Interest (EOI) sale exercise. FOR SALE BY EXPRESSION OF INTEREST: 9-STOREY INDUSTRIAL BUILDING IN JURONG Strategically located within one of Singapore's most prominent manufacturing and logistics hubs, the property is well-connected via the Ayer Rajah Expressway (AYE) and Pan Island Expressway (PIE), offering direct access to the city centre, Tuas Port, and other key industrial zones. The nearest MRT stations, Boon Lay and Pioneer, are within vicinity, offering added convenience for commuting staff. The area is supported by a wide ecosystem of industrial players and infrastructure, which includes supply chain partners, logistics operators, and business support services. Importantly, 21 Fan Yoong Road stands to benefit from the government's continued investment and development in the western region, including the Jurong Innovation District (JID) and the future Tuas Port, which is set to become the world's largest fully automated port upon completion. Under the latest URA Master Plan 2025, the wider Jurong area has been earmarked for transformation into a future-ready industrial and innovation corridor, supported by enhanced infrastructure, smart logistics solutions, and green connectivity. The Jurong Innovation District is set to become a hub for advanced manufacturing, robotics, and R&D, while nearby Jurong Lake District is envisioned as Singapore's largest mixed-use business district outside the city centre. Together, these initiatives signal strong government commitment to the region's long-term economic role, positioning it as a key driver of growth and making 21 Fan Yoong Road an attractive opportunity for forward-looking industrial occupiers and investors. Purpose-built for robust industrial use, the property spans six levels of high-specification production space (Levels 1 to 6) and three levels of modern ancillary office floors (Levels 7 to 9). It also includes a temporary on-site dormitory approved for up to 36 workers, which is an increasingly rare and valuable feature for occupiers seeking integrated accommodation and workforce support. The offering is particularly well-suited for end-users looking to consolidate their operational, backend, and administrative functions within one cohesive and secure premises. The development sits on a land area of approximately 60,798 square feet, with a gross floor area of approximately 155,037 square feet. Key specifications include ceiling heights of up to 13.4 metres, heavy floor loading of up to 25 kN/m², and built-in crane infrastructure, including eleven overhead cranes ranging from 10 to 20 tonnes. Vertical circulation is efficiently served by a 5,000 kg cargo lift, two passenger lifts, and a dedicated service lift. The site is zoned "Business 2" (B2), allowing for a broad range of industrial and warehousing uses, including the service and repair of construction plant and equipment, and the ancillary storage of construction materials. Held under a JTC lease until 16 November 2037, the site offers a substantial remaining tenure that supports long-term operational planning. Its B2 zoning allows for a wide range of industrial and warehousing uses, including heavy production, machinery servicing, and material storage, making it highly attractive for businesses seeking a robust and adaptable facility. With well-built infrastructure in place and proximity to major industrial clusters and transport links, the property presents a compelling opportunity for occupiers looking to establish a strong foothold in Singapore's western industrial corridor. Ms Sammi Lim (林妍孜), Founder and Executive Director of Brilliance Capital, shared, "This is a rare opportunity to acquire a fully integrated industrial facility designed to support end-to-end business operations, from high-specification production floors and renovated office spaces to on-site workforce accommodation. The approved dormitory component is a highly valuable feature that enhances workforce efficiency and operational control. Facilities of this scale, specification, and integration are extremely hard to come by, and this asset is ready for immediate occupancy. All serious end-users should take a closer look, as opportunities like this do not come around often. With Jurong's transformation under the URA Master Plan into a future-ready innovation and logistics hub, this property offers both immediate functionality and long-term strategic value. The property's layout and heavy-duty specifications make it highly adaptable and appealing to a wide range of industrial users, including storage and warehousing operators (such as wine and general goods), furniture and carpentry production businesses with storage requirements, engineering and fabrication workshops, heavy vehicle and equipment maintenance companies, machinery and parts assembly operations, waste management and recycling facilities, and plastic moulding or injection moulding users, and even a food production factory, among others, subject to the relevant authorities' approval." Brilliance Capital is the exclusive marketing agent for this sale. The EOI exercise closes on 26 August 2025, Tuesday at 3:00 PM. Note to editors:One high-resolution photograph of the property is enclosed. About Brilliance Capital Pte. Ltd. Brilliance Capital is a premier real estate agency specializing in bespoke advisory and transaction services for high-net-worth individuals, family offices, property developers, and institutions in Singapore and globally. Founded and led by Sammi Lim, our team of top-tier professionals excels in selling and leasing luxury residential, commercial, and industrial properties, as well as collective sales. We also offer tailored consultancy and advisory services, addressing personal, professional, and investment needs with precision and care. Backed by deep market insight and a robust international network, Brilliance Capital is dedicated to building lasting relationships and delivering exceptional real estate outcomes.
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Youlife Group Inc. Announces the Closing of the Business Combination and Listing on Nasdaq
Youlife's American Depositary Shares to begin trading on Nasdaq on July 10, 2025, under ticker symbol "YOUL" Equity financing generates over $27.0 million of gross proceeds for Youlife BEIJING, July 10, 2025 /PRNewswire/ -- Youlife Group Inc. ("Youlife" or the "Company"), a leading blue-collar lifetime service provider in China, today announced the completion of a previously announced business combination (the "Business Combination") between Youlife International Holdings Inc. and Distoken Acquisition Corporation ("Distoken"). Youlife is the combined company following the Business Combination, and its American Depositary Shares, each representing one Class A ordinary share, are expected to commence trading on the Nasdaq Capital Market ("Nasdaq") under the ticker symbol "YOUL" on July 10, 2025. The completion of the Business Combination follows the approval of the Business Combination at an extraordinary general meeting of shareholders of Distoken on May 30, 2025 and satisfaction or waiver of all other closing conditions. Youlife and Distoken previously entered into subscription agreements with multiple investors to purchase an aggregate of 2,704,949 Class A ordinary shares of Youlife at a purchase price of $10.00 per share for aggregate proceeds of approximately $27.0 million (the "PIPE Financing") in connection with the Business Combination. The PIPE Financing closed simultaneously with the closing of the Business Combination. Proceeds from the PIPE Financing will be used to fund Youlife's strategic development. Yunlei Wang, Founder, CEO and Chairman of Youlife, said, "Today marks a significant milestone in Youlife's journey. Listing on Nasdaq is not only a vote of confidence in our mission to serve China's blue-collar workforce, but also a launchpad to amplify our impact on a global scale. We are grateful for the support of Distoken and our partners, and we look forward to accelerating our vision of delivering lifetime value and dignity to millions of workers through technology and innovation." Jian Zhang, CEO of Distoken, remarked, "I am grateful for the successful merger with Youlife in such an increasingly challenging market." Lidong Zhu, CFO of Youlife, added, "This successful listing further strengthens our leadership in China's blue-collar talent services sector. It also marks an important step forward in advancing our global expansion and digital transformation strategies. We look forward to Youlife's next chapter as a public company on Nasdaq." Advisors Baker & McKenzie LLP, Haiwen & Partners, Campbells, and Tian Yuan Law Firm LLP are serving as legal counsels to Youlife. Ellenoff Grossman & Schole LLP, Maples and Calder (Cayman) LLP, Jingtian & Gongcheng and Fangda Partners are serving as legal counsels to Distoken. About Youlife Group Inc. Youlife is a leading blue-collar lifetime service provider with a nationwide network of 25 vocational schools under school management model and 25 curriculum development projects, covering a total of 37 cities or counties under 16 provinces of China. Learn more at https://ir.youlife.cn/. About Distoken Distoken is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding future events and the future results of Youlife current expectations, estimates, forecasts, and projections about the industry in which Youlife operates, as well as the beliefs and assumptions of Youlife's management and Distoken's management. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Youlife's and Distoken's management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause Youlife's actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Youlife and its management and Distoken and its management, as the case may be, are inherently uncertain and are inherently subject to risks, variability and contingencies, many of which are beyond Youlife's or Distoken's control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, Youlife's ability to scale and grow its business, Youlife's advantages and expected growth, Youlife's ability to source and retain talent, and Youlife's cash position following the closing of the Business Combination. There may be additional risks that neither Youlife nor Distoken presently know or that Youlife and Distoken currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements made by or on behalf of Youlife or Distoken speak only as of the date they are made. None of Youlife and Distoken undertakes any obligation to update any forward-looking statements to reflect any changes in their respective expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based, except as may be required by law. Youlife and Distoken disclaim any and all liability for any loss or damage (whether foreseeable or not) suffered or incurred by any person or entity as a result of anything contained or omitted from this press release and such liability is expressly disclaimed. Contact Yi Liuliuyi@youlanw.com(86) 13062818313
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Zhimeng Biopharma's Next-Generation KCNQ2/3 Potassium Channel Opener Receives Clinical Trial Approval for ALS Phase 2/3 Study
SHANGHAI, July 10, 2025 /PRNewswire/ -- Shanghai Zhimeng Biopharma, Inc. ("Zhimeng Biopharma"), a clinical-stage biopharmaceutical company dedicated to innovative drug development for liver and central nervous system (CNS) diseases, today announced that its self-discovered next-generation KCNQ2/3 potassium channel opener, CB03-154, has received an approval from the Center for Drug Evaluation (CDE) of China's National Medical Products Administration (NMPA) to initiate a Phase 2/3 clinical study in China for amyotrophic lateral sclerosis (ALS, also known as "Lou Gehrig's disease"). Previously, CB03-154 tablets had been granted Orphan Drug Designation (ODD) by the U.S. Food and Drug Administration (FDA) for the treatment of ALS patients. ALS is a severe neurodegenerative disorder that disrupts, impairs, or even causes apoptosis of neuronal cells in the brain and spinal cord, ultimately leading to the loss of muscle control. Initial symptoms of ALS often include muscle twitching and weakness in the arms or legs, difficulty swallowing, or slurred speech. The average survival period is typically 2-5 years after the disease onset. Without timely and effective treatment, the patient's condition progressively worsens, eventually resulting in the loss of mobility, speech, swallowing, and respiratory function, followed by death. Currently available ALS treatments can only slightly improve patient function or modestly extend their survival, with no therapies capable of halting or reversing the disease progression. There remains a significant unmet clinical need for ALS treatment. Although the pathogenesis of ALS has not yet been fully elucidated, research suggests a close association with ion channel dysfunction, altered synaptic transmission and connectivity, and an imbalance between neuronal excitation and inhibition. Among these, potassium (K+) channels are the most widely distributed and diverse class of ion channels, primarily involved in regulating neuronal excitability as well as the frequency and amplitude of action potentials. Currently, there are no approved KCNQ2/3 potassium channel openers available for patients. The only FDA- and EMA-approved KCNQ2/3 potassium channel opener, retigabine (Potiga, Ezogabine/Retigabine), was withdrawn from the market in 2017 due to risks such as vision impairment caused by pigmentation. CB03-154 is a next-generation KCNQ2/3 potassium channel opener with excellent ion channel selectivity, chemical and metabolic stability, anti-neuronal hyperexcitability activity, and favorable pharmacokinetic and safety profiles. It holds potential not only for ALS but also for other CNS disorders such as epilepsy and major depressive disorder. Preclinical studies have demonstrated that CB03-154 significantly reduces the hyperexcitability of ALS motor neurons, markedly slows the deterioration of muscle strength-related functional parameters, delays the disease onset, extends the life expectancies, and normalizes the morphology of muscle and neuronal cells. CB03-154, a potential therapy for ALS and other conditions of the central nervous system is being evaluated in Phase 1 clinical trials taking place in the U.S. and Australia for healthy adults, and also completed the bridging pharmacokinetic and safety study in Chinese healthy subjects. In 2024, the Phase 1 clinical trial results and the pre-clinical efficacy data of ALS and epilepsy of CB03-154 were presented at the American Neurological Association (ANA) Annual Meeting and the American Epilepsy Society (AES) Annual Meeting and generated significant attention from experts. Due to its innovation and excellent efficacy data, the abstract on ALS-related pre-clinical findings received the honor of best poster of ANA 2024 annual meeting, and Zhimeng received invitation to give an oral presentation at the Movement Disorder Special Interest Group symposium. Dr. Huanming Chen, Founder of Zhimeng Biopharma, stated: "The approval by CDE is another important milestone in Zhimeng's global clinical development for ALS and other central nervous system diseases. We believe CB03-154 has the potential to become a first-in-class therapy for ALS. We hope our dedicated efforts will allow us to bring a safer and more effective medicine to ALS patients worldwide." About Zhimeng Founded in 2018, Shanghai Zhimeng Biopharma, Inc. is a biopharmaceutical company dedicated to develop small-molecule drug discovery with focused on the functional cure of chronic hepatitis B (CHB), as well as novel therapies for CNS disorders, including epilepsy, neuropathic pain (e.g., cancer-related pain), amyotrophic lateral sclerosis (ALS), major depressive disorder (MDD), and bipolar disorder. Zhimeng has successfully completed multiple rounds of financing.
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Rockwood Capital Hires Jimmy Yung as Global Head of Originations
NEW YORK and LOS ANGELES and SAN FRANCISCO, July 9, 2025 /PRNewswire/ -- Rockwood Capital ("Rockwood"), the private real estate investment firm, today announced that it has hired Jimmy Yung as Senior Managing Director, Global Head of Originations. In this role, he will be responsible for leading the firm's origination and capital deployment strategy, overseeing the sourcing, structuring, and execution of commercial real estate (CRE) credit investments, and helping with the continued expansion of the firm's credit platform. Mr. Yung will be based in Rockwood's Los Angeles office and will report to Niraj Shah, Partner and Global Head of Credit. Jimmy Yung Mr. Shah said, "We are excited to have Jimmy join Rockwood. We believe that his investment acumen, familiarity with a wide variety of CRE credit products across all asset types, strong global relationships, and deep understanding of industry dynamics will help us find and structure compelling investment opportunities for our clients." Mr. Yung is a seasoned real estate executive with over 27 years of experience in origination and investment management in the U.S. and Asia. Most recently, he spent seven years at Blackstone Real Estate Debt Strategies, where he served as Managing Director and oversaw the West Coast for their commercial real estate lending platform. Prior to that, he was Head of Origination and Member of the Investment Committee at TPG Real Estate Finance Trust and led the Real Estate Special Situations business at Deutsche Bank. He holds a Bachelor of Arts and Science from Georgetown University and studied international economics and languages at the Chinese University of Hong Kong. "I am thrilled to become a part of Rockwood and help the firm take advantage of the many opportunities available in today's market," said Mr. Yung. "I look forward to working with the experienced Rockwood team to target attractive investments up and down the capital stack." About Rockwood Capital Rockwood Capital is a real estate investment firm founded in 1995 that provides debt and equity capital combined with real estate operating expertise for the repositioning, development, redevelopment and recapitalization of live-space, mixed-use, workspace, retail, industrial and hotel properties in key markets throughout the United States. Rockwood is an 80-person organization with offices in New York, NY; San Francisco, CA; and Los Angeles, CA. Since inception, Rockwood and its principals have invested in approximately $40.1 billion of real estate and real estate-related assets (gross asset value). As of Q1 2025, Rockwood manages a portfolio of approximately $13.2 billion (gross asset value). Rockwood's international investor base includes sovereign wealth funds, public and private pension funds, endowments, foundations, insurance companies, funds of funds, high net worth individuals and family offices. For more information, visit www.rockwoodcap.com. Contact:Caroline LuzLambertcluz@lambert.com
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NYSE Content advisory: Pre-Market update + Trump announces 50% levy on copper imports
NEW YORK, July 9, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. jwplayer.key="3Fznr2BGJZtpwZmA+81lm048ks6+0NjLXyDdsO2YkfE=" NYSE Content advisory: Pre-Market update + Trump announces 50% levy on copper imports jwplayer('myplayer1').setup({file: 'https://mma.prnasia.com/media2/2727662/NYSE_Market_Update_July_9.mp4', image: 'https://mma.prnasia.com/media2/2727662/NYSE_Market_Update_July_9.mp4?p=thumbnail', autostart:'false', stretching : 'uniform', width: '512', height: '288'}); Kristen Scholer delivers the pre-market update on July 9th President Trump announced 50% levy on copper imports on Tuesday President Trump also hinted at implementing up to a 200% tariff on pharmaceutical imports Investors are awaiting today's Fed Minutes, set to come out at 2:00 p.m. ET Opening Bell Arlo Technologies (NYSE: ARLO) surpassed $300M in annual recurring revenue Closing Bell Wellington Shields & Co. celebrates 100th anniversary of its founding Click here to download the NYSE TV App Video - https://mma.prnasia.com/media2/2727662/NYSE_Market_Update_July_9.mp4
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Avatar Capital Partners Closes Debut Real Estate Fund at JPY 15.2 billion in 12 months, and Welcomes Townsend as a Strategic Partner
Fund Anchored by Townsend Group, Leading Pension Fund and Asia Family Offices HONG KONG, July 9, 2025 /PRNewswire/ -- Avatar Capital Partners ("ACP"), an Asia-based asset management platform, today announced the final close of its inaugural real estate fund, ACP Real Estate Fund I (the "Fund") at JPY 15.2 billion (USD105 million). This Tokyo living sector focused fund has attracted significant interest, achieving an oversubscribed final close within just one year of its launch. Townsend Group ("Townsend"), a leading advisor and partner to institutional investors globally, has made a strategic investment in the company. The Fund's final close is supported by Townsend, alongside one of the largest pension funds globally, as well as top-tier family offices and foundations throughout Asia. The Fund will capitalize on off-market investment opportunities in Japan's thriving living sector, with a specific focus on acquiring high-quality multifamily assets in prime Tokyo locations. This strategy leverages strong underlying fundamentals, including urban population growth, robust rental demand, and accelerating rental growth. "We are pleased to announce the successful close of our inaugural fund, surpassing our target despite a challenging fundraising environment," said Ryuta Ueda, Founding Partner of ACP. "We are also thrilled to welcome Townsend as our strategic partner. Their profound capital markets expertise and global institutional perspective provide invaluable access to both financial and intellectual capital, significantly accelerating ACP's growth trajectory." Ueda continued, "With Asia's living sector expanding rapidly, we see strong demand for innovative housing solutions. The Fund has already acquired five premium multifamily properties in Central Tokyo and has a deep pipeline of interesting opportunities including near-term acquisition of five additional assets. We will continue to partner with leading local Japanese conglomerates to address the evolving needs of future living." Angel Li, Founding Partner of ACP, commented, "The global real estate sector is transitioning into a phase of recovery and expansion, with the Asia-Pacific region offering compelling opportunities. Japan stands out due to its attractive financing conditions and inflation-driven growth potential. Characterized by favorable demographic tailwinds and sustained rental demand, Tokyo's living sector offers a compelling investment landscape." With the team co-led by Ryuta Ueda and Ronald Chiu, Founding Partner of ACP, and supported by a robust network of seasoned operating partners, the Fund is well-positioned to thrive in this competitive market and generate exceptional value to our investors. "As the advisor to a consortium of global investors – including some of the largest sovereign and pension plans pursuing strategic stakes in leading investment and operating platforms, we are delighted to partner with ACP. We have strong conviction in ACP team's strategy and the significant potential of Japan's dynamic living sector." said Anthony Frammartino, CEO and Chairman of Townsend. About Avatar Capital Partners Avatar Capital Partners (ACP) is an Asia-based asset management platform with a unique edge in alternative investments. The firm combines a disciplined investment philosophy with a focus on fundamental investing and sustainable solutions, positioning it to deliver exceptional results across market cycles. ACP's expertise in thematic investing and market insights has established it as a trusted partner in the private equity space. For more information, please visit: www.avatarcp.com About Townsend GroupTownsend Group is a provider of global real estate and real asset investment advisory services. Townsend offers complementary investment management, advisory, and capital solutions via primary funds, secondaries, co-investments and direct investments. Townsend is an adviser to global public and private pension plans, insurers, sovereign wealth funds, endowments and foundations. Townsend has been advising and managing real estate portfolios for four decades and across multiple market cycles. As of September 30, 2024, Townsend had assets under management of $19.3B and as of March 31, 2024, provided advisory services to clients who had real estate/real asset allocations exceeding $237.9B. For more information, visit: www.townsendgroup.com
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Xinhua Silk Road: East China's Dongyang targets 100-bln-yuan revenue in wood carving, rosewood furniture industry
BEIJING, July 9, 2025 /PRNewswire/ -- Dubbed "Capital of wood carving", Dongyang in east China's Zhejiang Province, boasts a thriving wood carving and rosewood furniture industry, bringing a staggering total revenue of 88.73 billion yuan (about 12.2 billion U.S. dollars) by the end of 2024. As one of China's first national-level intangible cultural heritage items, Dongyang wood carving dates back to over 1,300 years to the Tang Dynasty (618-907). Through generations of master craftsmen, Dongyang wood carving has evolved far beyond its artistic origins. The city has forged a unique and comprehensive industrial path, spanning from timber trading, product design, manufacturing and sales. Amidst the industry's robust growth, the local government has actively guided enterprises towards standardized, orderly, green and healthy development. Following market consolidation, the city now hosts 1,372 enterprises in the sector. This refined base includes three national high-tech enterprises and 45 enterprises above the designated size, solidifying Dongyang's position as a key national production hub. A robust ecosystem for talent inheritance and cultivation underpins the industry's vitality. The city is home to over 3,000 professional woodcarving and furniture-making specialists and 18 intangible cultural heritage workshops. Furthermore, vocational institutions have established dedicated wood carving programs, continuously feeding skilled talent into the industry. Original link: https://en.imsilkroad.com/p/346511.html
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Hisense Debuts 116" UX TV with RGB-MiniLED for Stunning Color Precision
QINGDAO, China, July 9, 2025 /PRNewswire/ -- Hisense, a leading brand in global consumer electronics and home appliances, has launched its revolutionary 116" UX TV, setting new industry benchmarks with its cutting-edge RGB-MiniLED local dimming technology and record-breaking screen size. As the official partner of the FIFA Club World Cup 2025™, Hisense brought its next-gen display technology to a global stage—spotlighted through bold #RGB-MiniLED TV messaging on perimeter ads. This powerful presence reflects the same boldness in product innovation. Hisense is the first in the industry to achieve mass production of RGB-MiniLED TVs. The UX uses individual red, green, and blue Mini-LEDs—rather than single-color—across thousands of dimming zones. This enables industry-leading color coverage of up to 95% BT.2020 and peak brightness of 8,000 nits—delivering rich color with vivid sparkles and precise gradient. With its 116" Infinity Vision display, the UX goes beyond convention to deliver a truly immersive experience. Watching the match on this massive screen captures every detail at stunning scale—bringing the energy of the match into your living room with cinematic realism. Powered by the advanced Hi-View AI Engine X, the UX optimizes picture, sound, and scenario settings in real time. Whether it's football, film, or gaming, every scene is fine-tuned for maximum impact. The experience is further enhanced by the 6.2.2 CineStage X Surround system. Crafted in collaboration with the iconic Opéra de Paris, these TVs transcend technology to become acoustic masterpieces. Each design is an ode to Parisian opera-house acoustics, where sound and form unite in perfect harmony. With the 116" UX, Hisense lets you truly Own the Moment—combining groundbreaking RGB-MiniLED technology, ultra-large screen immersion, and intelligent optimization. Designed to capture every detail and emotion, it sets a new benchmark for ultra-premium home entertainment. About Hisense Hisense, founded in 1969, is a globally recognized leader in home appliances and consumer electronics with operations in over 160 countries, specializing in delivering high-quality multimedia products, home appliances, and intelligent IT solutions. According to Omdia, Hisense ranks No. 2 worldwide in total TV volume shipments (2022-2024) and No. 1 globally in the 100-inch and over TV segment (2023- Q12025). As the first official partner of the FIFA Club World Cup 2025™, Hisense is committed to global sports partnerships as a way to connect with audiences worldwide. Photo - https://mma.prnasia.com/media2/2725141/1.jpg?p=medium600Photo - https://mma.prnasia.com/media2/2725142/2.jpg?p=medium600
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FP Markets Marks 20 Years as a Trusted Name in Global Trading
SYDNEY, July 9, 2025 /PRNewswire/ -- FP Markets has officially reached its 20-year milestone, marking two decades of innovation and growth in global online trading. Founded in Sydney in 2005, the company has grown into a respected multi-regulated brokerage with a presence in key financial regions across the world. With over 300 employees globally, FP Markets continues to serve both individual traders and institutional clients, with a focus on technology, product range, and regulatory integrity. FP Markets - Transforming trading since 2005 Products and Infrastructure Built for Global Traders FP Markets holds licences from several regulatory bodies, including ASIC in Australia, CySEC in Cyprus, FSCA in South Africa, FSC in Mauritius, SCB in the Bahamas, and CMA in Kenya. These licences demonstrate a robust operational framework that meets the regulatory requirements of different regions. The broker continues to service its global client base by maintaining high standards of compliance, operational conduct, and client fund protection. In terms of infrastructure, the company utilises Equinix data centres to support fast trade execution, helping traders reduce slippage and access interbank pricing. Its platforms include MT4, MT5, TradingView, WebTrader, cTrader, and a dedicated mobile trading app, giving traders multiple ways to access markets depending on their preferences. All platforms are supported by multilingual customer support teams who are available at all hours of the day. Moreover, clients can trade over 10,000 CFDs, including forex, shares, indices, commodities, metals, cryptocurrencies, bonds, and ETFs. This combination of secure architecture and diverse offerings ensures that users remain fully in control of their trading environment. FP Markets offers two main trading accounts: Standard and Raw. Both accounts require a minimum deposit of $100. The Standard Account features spreads from 1.0 pip and no commission, while the Raw Account offers spreads from 0.0 pips with a commission of USD $3 per side. Both accounts support the use of Expert Advisors, mobile trading, and VPS hosting. Islamic (swap-free) trading accounts are available for clients observing Sharia law. Additionally, FP Markets Social Trading platform enables clients to follow and copy experienced traders, or act as strategy providers. The broker also provides its clients with access to a comprehensive online academy featuring a range of resources designed to enhance their trading expertise and market knowledge. Two Decades of Industry Recognition Now in its 20th year, FP Markets has become synonymous with consistency and client-centric service. The company has won over 60 awards for pricing, client support, trade execution, and overall value. It has been awarded Best Global Forex Value Broker for five consecutive years and has been recognised for best trade execution and transparency at multiple fintech award ceremonies. FP Markets has also been honoured for its partnership offerings, positioning it as a competitive choice for affiliates, introducing brokers, and white label partners. These accolades reflect consistent performance across markets and highlight the company's operational strength. FP Markets remains committed to providing a complete trading solution for both new and experienced traders. With a growing global footprint and presence, the company operates with one goal: to make markets accessible without compromising on performance. About FP Markets FP Markets is a multi-regulated online broker, providing traders with reliable access to global financial markets. Clients benefit from tight spreads, fast execution, and a wide range of trading platforms. As it celebrates 20 years of operation, FP Markets continues to expand its offering with improved pricing models, enhanced trading tools, and ongoing platform upgrades. The broker's long-standing market presence reflects its adaptability and dedication to the core values it was founded on. For more information, visit www.fpmarkets.com FP Markets Useful Info: FP Markets is a multi-regulated Forex and CFD broker with over 20 years of industry experience. The company offers highly competitive interbank Forex spreads starting from 0.0 pips. Traders can choose from the leading powerful online trading platforms, including FP Markets' Mobile App, MetaTrader 4, MetaTrader 5, WebTrader, cTrader, Iress, Mottai and TradingView. Over its years of operation, FP Markets has received more than 60 industry awards for its trading conditions, transparent pricing, customer support, and delivering consistent value to clients. FP Markets regulatory presence includes the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) of South Africa, the Financial Services Commission (FSC) of Mauritius, the Cyprus Securities and Exchange Commission (CySEC), the Securities Commission of the Bahamas (SCB), and the Capital Markets Authority (CMA) of Kenya. Company: FP Markets
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ARK Singapore Headquarters Relaunch: Pioneering the Wealth Blue Ocean for Global Chinese Clients
SHANGHAI, July 9, 2025 /PRNewswire/ -- Noah Holdings Limited's ("Noah" or "the Company") (NYSE: NOAH, HKEX: 6686) newly launched global wealth management platform for global Chinese investors, ARK Group, opened its new overseas headquarters in Singapore recently, tripling the firm's existing physical footprint in the city-state. The opening marks the latest step in the firm's global expansion initiative, and strengthens its ability to address the sophisticated needs of global Chinese clients as they navigate an increasingly complex investment landscape. The new state-of-the-art facility, located at 333 North Bridge Road, Odeon, sits in the heart of the world's premier global wealth hub. Relocating the firm's headquarters to Singapore will provide ARK Group with vast opportunities within one of the fastest growing locations for Chinese personal assets abroad. "Singapore's dynamic wealth management ecosystem, combined with its robust regulatory environment, offers ARK Group an unparalleled platform for international growth," said Ms. Jingbo Wang, Co-founder and Chairwoman of Noah. "Having established our presence in Singapore six years ago, this new overseas headquarters marks a pivotal milestone in our journey to deliver comprehensive, innovative, and culturally relevant solutions tailored specifically for global Chinese clients." Alongside the new hub, ARK Group is investing heavily in talent acquisition to expand its team alongside enhancements to its already unmatched client-centric service. "Our investment in Singapore expands a crucial gateway for our clients, allowing us to deliver seamless wealth management solutions across the global Chinese corridor," said Zander Yin, CEO of Noah Holdings. "By investing heavily in talent and operational capabilities, ARK Group is positioning itself at the forefront of an industry experiencing profound transformation." Leading financial institutions, including J.P. Morgan, Goldman Sachs, HSBC, DBS, Macquarie, Blackstone, and Vista Equity Partners joined ARK Group for its expansion announcement. The event also included remarks from Robert F. Smith, Founder, Chairman and Chief Executive Officer of Vista Equity Partners on Generative AI and the current market environment. ARK Group's established presence in Singapore is supported by key regulatory licenses, including the Capital Markets Services Licence, Financial Adviser's Licence (Exemption), and Trust Services Licence, from the Monetary Authority of Singapore. Since 2018, the firm has established its presence in the city-state under the name Noah Singapore. ARK Group's Hong Kong office will continue to serve as a critical regional hub, ensuring complete continuity for servicing clients. At the same time, the firm is investing further to enhance client services across all offices including its Hong Kong, Tokyo, New York, and Los Angeles locations. About ARK Group ARK Group is a leading provider of global wealth management services under Noah Holdings Limited (NYSE: NOAH, HKEX: 6686). ARK Group provides one-stop financial services for high-net-worth global Chinese families and institutions. With a client-centric philosophy that emphasizes independence and professionalism, ARK Group consistently innovates its product offerings and services to address the evolving needs of its clients, delivering sophisticated wealth management strategies with a goal of becoming the preferred wealth management platform for global Chinese investors. ARK Group currently has over USD 8.7 billion in assets under advisement (AUA). With service centers in multiple countries and regions, ARK Group's team of 140+ global investment advisors focuses on providing tailored, localized financial services to clients.