Kucingko Berhad Debuts on ACE Market with Clawsome Opening Price of RM0.805
KUALA LUMPUR, July 26, 2024 – (ACN Newswire) – Kucingko Berhad (“Kucingko” or the “Company”), the first publicly listed 2D animation production company, made its debut today on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The shares opened at RM0.805 per share, showcasing a significant 168.33% premium over the IPO price of RM0.30 per share.
1. Mr. Lim Chor Ghee, Independent Non-Executive Chairman of Kucingko Berhad; 2. Ms. Elaine Law Soh Ying, Independent Non-Executive Director of Kucingko Berhad; 3. Datuk Roslan Hj Tik , Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank Berhad; 4. Mr. Ooi Kok Hong, Executive Director of Kucingko Berhad; 5. Mr. See Chin Joo, Executive Director of Kucingko Berhad; 6. Mr. Puar Chin Jong, Independent Non-Executive Director of Kucingko Berhad; 7. Mr. Ku Chia Loon, Non-Independent Non-Executive Director of Kucingko Berhad; 8. Ms. Quah Bee Fong, Independent Non-Executive Director of Kucingko Berhad [L-R]
Kucingko is listed under the stock name “KUCINGKO” with the stock code “0315”.
Kucingko specialises in providing high quality 2D animation production for global broadcasters and streaming platforms and is one of the largest animation production company in Malaysia. Kucingko has earned significant recognitions globally, including a BAFTA nomination and several other international awards.
Kucingko Berhad’s initial public offering has successfully raised total gross proceeds of RM30.0 million, which will be utilised based on the following manner:
i. RM17.8 million towards capacity expansion, including the establishment of production branch offices in East Malaysia to tap into the skilled local talent pool and upgrade the existing operational office in Selangor;
ii. RM4.4 million for setting up a sales office in the United States of America to expand market reach;
iii. RM4.2 million for working capital; and
iv. RM3.6 million for listing expenses.
Executive Director of Kucingko Berhad, Mr. See Chin Joo commented: “This successful listing is a major milestone for Kucingko. It reflects the market confidence in the animation industry, and investors’ receptiveness towards unique companies with profitable track record. We are excited about the opportunities this will bring, allowing us to further expand our production capacity and reaching out to more global clientele. The funds raised will enable us to invest in building capacity locally and deepening our presence in the North American market, ensuring that we remain at the forefront of the animation industry.
Executive Director of Kucingko Berhad, Mr. Ooi Kok Hong added: “Our goal is to continue to up our game in delivering high-quality content for traditional television and streaming platform. This listing will support our efforts to achieve that goal. In addition, talent building and continued investment in the best talent is high in our priority. We will soon roll out our plans to collaborate with universities and state government agencies to nurture local talent and empower them with the right skillsets to contribute positively back to the industry. We are building all these initiatives for sustained growth and success in the global animation market.”
1. Mr Leong Yew Loong, Head, Corporate & Institutional Coverage of Kenanga Investment Bank Berhad; 2. Ms. Quah Bee Fong, Independent Non-Executive Director of Kucingko Berhad; 3. Mr. Ku Chia Loon, Non-Independent Non-Executive Director of Kucingko Berhad; 4. Mr. Puar Chin Jong, Independent Non-Executive Director of Kucingko Berhad; 5. Ms. Elaine Law Soh Ying, Independent Non-Executive Director of Kucingko Berhad; 6. Mr. Lim Chor Ghee, Independent Non-Executive Chairman of Kucingko Berhad; 7. Mr. Ooi Kok Hong, Executive Director of Kucingko Berhad; 8. Mr. See Chin Joo, Executive Director of Kucingko Berhad; 9. Ms. Leong Mei Cian, Head of Planning of Kucingko Berhad; 10. Mohd Faizal Bin Mohd Wazir, Head of Animation of Kucingko Berhad; 11. Datuk Roslan Hj Tik , Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank Berhad; 12. Ms. Ong Sook Ling, Senior Vice President, Corporate Finance of Kenanga Investment Bank Berhad; 13. Mr Alvin Ooi Yet Ming, Head, Corporate Finance of Kenanga Investment Bank Berhad; 14. Ms. Fong Soh San, Head, Equity Capital Markets of Kenanga Investment Bank Berhad [L-R]
Kenanga Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Kucingko Berhad.
Issued By: Swan Consultancy Sdn. Bhd. on behalf of Kucingko Berhad
For more information, please contact:
William Yeo
Tel: +60 16-213 2103
Email: w.yeo@swanconsultancy.biz
Topic: Press release summary
An off-site session of the Eastern Economic Forum was held in Hong Kong
HONG KONG, July 25, 2024 – (ACN Newswire) – On July 24-25, an off-site session of the Eastern Economic Forum (EEF) was held in Hong Kong. Representatives from Russia and Hong Kong discussed the expansion of trade and economic ties and new opportunities for cooperation. Following the event, it was noted that entrepreneurs from Hong Kong plan to present their investment projects at EEF-2024. The EEF is organized by the Roscongress Foundation.
From the Russian side, the session was attended by Igor Pavlov, Deputy Director of the Roscongress Foundation and Director of the Eastern Economic Forum, Vadim Savin, Acting Consul General of the Russian Federation in the Hong Kong Special Administrative Region of the People’s Republic of China, and Alexey Maslov, Director of the Institute of Asian and African Countries at Lomonosov Moscow State University.
The session was held in the format of a series of meetings with representatives of major business associations and the Hong Kong business community. Participants discussed the development of ties between Russian and Hong Kong companies, paying special attention to the prospects for trade and economic relations and strengthening business partnerships.
On the first day, a meeting was held with a representative of the National People’s Congress from Hong Kong and the Chinese General Chamber of Commerce, which includes representatives of industry, trade, development, and financial business. On the second day, a meeting was held with the Hong Kong Trade Development Council (HKTDC).
It was noted that Hong Kong, as a major global financial center, plays a key role in the international economy. Its openness to markets, favorable business climate, and innovative environment make it an attractive partner for Russia. Hong Kong has unique experience and capabilities that can significantly contribute to the development of the Russian financial market.
“Cooperation with Hong Kong opens new horizons for Russian business. This financial center not only expands our economic prospects but also serves as a bridge for innovative and cultural exchanges. We are confident that strengthening our relations will bring mutual benefits and promote sustainable development,” said Vadim Savin.
In 2023, a significant increase in bilateral trade volume was recorded, reaching USD $6 billion. Among the promising sectors for expanded cooperation between Russia and Hong Kong are electronics, agricultural products, and non-ferrous metallurgy.
“Russian-Chinese relations play a key role in forming a stable and mutually beneficial economic partnership. We see enormous potential in developing trade and economic relations with Hong Kong, and the meetings within the framework of the Eastern Economic Forum allow us to identify new areas for cooperation,” emphasized Alexey Maslov.
During the off-site session, the Roscongress Foundation conducted a comprehensive presentation of opportunities for foreign businesses, showcasing projects such as the St. Petersburg International Economic Forum, the Russian Tourism Forum “Let’s Travel!”, Russian Energy Week, the Russian Design Industry Forum, and the Eastern Economic Forum. These events introduce the international community to Russia’s investment potential and open up new opportunities for cooperation.
“The Eastern Economic Forum includes panel sessions, roundtables, business breakfasts, and business dialogues with leading partner countries in the Asia-Pacific region—all of which facilitate constructive dialogue and exchange of experience. Moreover, it is a unique opportunity to get acquainted with Russian investment projects in the Far East, consider options for participation, and establish direct contacts with potential partners. And right there at the forum, conclude profitable agreements,” said Igor Pavlov.
The Eastern Economic Forum, which annually gathers representatives of business, government, the expert community, and international organizations, will be held from September 3 to 6, 2024, on the campus of the Far Eastern Federal University in Vladivostok. The forum will become a major international platform for discussing issues of economic cooperation in the Asia-Pacific region.
About The Roscongress Foundation
The Roscongress Foundation is a socially oriented non-financial development institution and the largest organizer of national and international conventions, exhibitions, business, public, youth, sports, and cultural events. It was established by the decision of the President of the Russian Federation.
Founded in 2007, the Foundation aims to facilitate the development of economic potential, promote national interests, and strengthen Russia’s image. The Foundation comprehensively studies, analyzes, forms, and covers issues of the Russian and global economic agenda. It provides administration and promotes business projects and investment attraction, fostering the development of social entrepreneurship and charitable projects.
The Foundation’s events gather participants from 209 countries and territories, with over 15,000 media representatives annually working at Roscongress venues, and more than 5,000 experts involved in analytical and expert work in Russia and abroad.
The Foundation cooperates with UN structures and other international organizations. It develops multifaceted cooperation with 212 foreign economic partners, associations of industrialists and entrepreneurs, financial, trade, and business associations in 86 countries, with 293 Russian public organizations, federal and regional executive and legislative bodies of the Russian Federation.
Official Telegram channels of the Roscongress Foundation: in Russian – t.me/Roscongress, in English – t.me/RoscongressDirect, in Spanish – t.me/RoscongressEsp, in Arabic – t.me/RosCongressArabic. Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org
Topic: Press release summary
Global New Material International (GNMI) Signs Agreement to Acquire Merck’s Surface Solutions Business
HONG KONG/FRANKFURT, July 25, 2024 – (ACN Newswire) – Global New Material International Holdings Limited (“GNMI”, Hong Kong stock code: 06616), announced today that it has entered into an agreement (“Agreement”) with Merck KGaA, (“Merck”) to acquire Merck’s global surface solutions business (“Surface Solutions”) for EUR 665,000,000 (equivalent to approximately RMB 5,187,000,000 or HKD 5,586,000,000), in cash. The transaction is expected to close (“Closing”) in the course of 2025, subject to regulatory approvals and satisfaction of certain customary closing conditions.
GNMI and Surface Solutions are highly complementary from a product portfolio, expertise and geographic footprint perspective. The proposed combination will strengthen the position of the business post-closing and enable an even more customer-centric go to market approach. The acquisition is anticipated to further broaden the global capabilities of GNMI and enhance product excellence.
Ertian Su, Chairman of Global New Material International, said: “I am excited to announce our acquisition of Merck Surface Solutions , and look forward to a seamless integration upon post-closing. The acquisition will be a landmark moment for GNMI as the newly combined team will bring the best of both worlds, with a combined set of capabilities, expertise, talent, geographic and sales network. As one team, we will jointly offer innovation and product excellence to our customers and partners, uplift the industry standards, and achieve an unwavering position in the global marketplace. I truly believe that integrating with Surface Solutions will be a key catalyst for our business and our industry, enabling GNMI to achieve new heights of success.”
Mr. Su added, “I am fully committed to embarking on this new journey with Surface Solutions. The combination of our businesses not only unlocks an infinite number of opportunities for GNMI and our industry, but it will be full of opportunities for personal and career development for all employees as well. An integration team consisting of representatives of both GNMI and Surface Solutions will jointly develop plans for combining our expertise, resources and activities to ensure smooth integration, and to maximize the growth synergies between the two companies.”
“GNMI and our Surface Solutions business will join forces and combine their strengths to form an even stronger team, delivering excellence in the pigments industry,” said Belén Garijo, Chair of the Executive Board and CEO of Merck.
Kai Beckmann, Member of the Executive Board of Merck and CEO Electronics, said: “The combination of Surface Solutions and GNMI will strengthen the competitiveness of the business, thus providing better prospects for employees and customers.”
GNMI, spearheaded by its brand Chesir and CQV, has deep expertise in research and development, production, and sales of synthetic mica, pearlescent materials, and new energy materials. With main production capacities in China and Korea, GNMI holds a leading position in the mid-to-high market, supplying highly-functional cutting-edge materials to multinational customers worldwide in various sectors such as automobiles, cosmetics, electronic goods, personal cares, plastics, printings, foods, and pharmaceuticals. In particular, CQV is a pioneer in effect pigments in Korea and beyond, and will continue to play a critical role in expanding GNMI’s global footprint along with the addition of Surface Solutions.
Merck Surface Solutions is specialized in solutions used in coating, cosmetic and industrial applications. Surface Solutions holds a strong position in the high-quality markets, especially in the global automotive and cosmetics markets.
Upon closing, the production facilities of Surface Solutions in Gernsheim (Germany), Onahama (Japan), and Savannah, Georgia (United States) will become regional hubs of the enlarged business with continued operations. Simultaneously, 1,200 global employees of Surface Solutions will be retained. There is also a comprehensive job guarantee program for the Gernsheim and Darmstadt sites as well as a site guarantee for Gernsheim in place until at least 2032.
Merck Surface Solutions and GNMI remain separate and independent companies until the transaction closes.
For further information please also visit www.global-surface-partner.com
Ertian Su, Chairman of Global New Material International (Center),Belén Garijo,
Chair of the Executive Board and CEO of Merck (Right) and Kai Beckmann,
Member of the Executive Board of Merck and CEO Electronics (Left), met
in Darmstadt, Germany, in regards to GNMI’s acquisition of Surface Solutions.
About Global New Material International
Global New Material International Holdings Limited (GNMI, Hong Kong stock code: 06616) is one of the largest pearlescent pigment producers. Spearheaded by its brand Chesir and CQV, it has deep expertise in research and development, production, and sales of pearlescent materials, synthetic mica, and new energy materials. With approximately 800 employees and main production capacities in China and Korea, GNMI holds a leading position in the mid-to-high market, supplying highly-functional cutting-edge materials to multinational customers worldwide in various sectors such as automobiles, cosmetics, electronic goods, personal cares, plastics, printings, foods, and pharmaceuticals.
About Merck
Merck, a leading science and technology company, operates across life science, healthcare and electronics. Around 63,000 employees work to make a positive difference to millions of people’s lives every day by creating more joyful and sustainable ways to live. From providing products and services that accelerate drug development and manufacturing as well as discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2023, Merck generated sales of € 21 billion in 65 countries.
Scientific exploration and responsible entrepreneurship have been key to Merck’s technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as MilliporeSigma in life science, EMD Serono in healthcare, and EMD Electronics in electronics.
Media Contacts
Hong Kong:
Jeremy Leung
Jeremy.Leung2@fticonsulting.com
+852 63246092
Cindy Chu
Cindy.Chu@fticonsulting.com
+852 91272840
global-surface-partner@fticonsulting.com
Topic: Press release summary
Top Benefits of Partnering with a Full-Service Website Design Agency in Miami
MIAMI BEACH, Fla. – July 23, 2024 – PRLog — Have you considered the vast assets a full-service website design agency in Miami could bring to your brand’s online presence? Imagine the edge gained from an agency versed in creating digital solutions shaped by local expertise and fueled by a rich understanding of Miami’s diverse market.
Benefits of Local Expertise
Leveraging their familiarity with sectors like tourism, real estate, and hospitality, these agencies tailor culturally relevant designs that resonate with Miami’s diverse population.
The result? Websites that don’t just look good (though let’s face it, that’s definitely keeping up with the Miami theme), but also mirror the spirit of the Magic City to strike a chord with your target audience and expand your reach.
They’re masters at catering to the needs of both Latin-American and native English-speaking demographics. Thus, their bilingual talent guarantees effective communication with multicultural audiences in the region.
Pairing with a Miami agency means gaining a local ally that understands your audience, knows the market’s pulse, and has the expertise to navigate the sea of digital competition. With their knowledge and resources, you’re sure to make a splash in your industry.
Comprehensive Digital Solutions
Offering more than just website design, full-service agencies in Miami provide a gamut of digital solutions to turbocharge your online marketing efforts. Apart from web design, their comprehensive digital solutions package includes SEO, social media marketing, and paid online marketing.
The best part is that the web designs are always customized to your specific business needs so that your marketing success is fully optimized. Each business is different, therefore each strategy must be tailor-made to perfectly serve your commercial goals.
Miami web design agencies make it simple for businesses looking to improve their marketing efforts offering a one-stop solution. Imagine having all your web design needs – from increasing leads to improving visibility and everything in between – handled under one roof.
To put it simply, by entrusting your digital marketing to a fully-equipped web design agency in Miami, you streamline your entire process and ensure a cohesive, sharp-edged strategy. All it takes is knowing how to make the right choice.
Enhanced Online Visibility
If you partner with a proficient Miami web design agency, you’ll experience enhanced online visibility through strategic design techniques specifically customized for your needs. A strong online presence is absolutely not optional in today’s digital age.
These agencies are well-versed in creating SEO-friendly website designs that boost your rankings on search engines, thereby increasing the visibility of your business online.
With a proper understanding of your business model, these experts can craft rich content and implement design elements that resonate with your target audience. This targeted approach results in more website traffic and can lead to higher conversion rates.
Consider these key advantages:
- Visually appealing and SEO-friendly designs to increase your search engine rankings.
- Tailor-made designs crafted to resonate with your target audience, driving more traffic to your website.
- Designs that encourage conversions, leading to business growth and success.
- Good design strategies can result in a positive impact on brand perception.
Strategic Branding Approach
Partnering with a full-service Miami Website Design Company (https://www.digitalsilk.com/
With a tailored strategy, they’ll ensure consistent branding across all your digital platforms. It helps solidify your brand identity, but it also serves as a catalyst for increasing brand loyalty.
An agency’s strategic branding approach can craft a distinguishable persona for your business, setting you apart from competitors and attracting your target audience effectively.
Consequently, other than sleek design, your investment in a Miami agency will bring you a comprehensive branding package that resonates deeply with current trends, local needs, and global opportunities. And that’s a powerhouse combination for success. Don’t underestimate this – it can truly transform your digital destiny.
Think of it this way. If you see a person in a coffee shop working on their laptop, and they’re using a MacBook, what would you assume their job is? Probably something creative, right, maybe a graphic designer, or a video editor perhaps?
Now, if that person is using a Lenovo or Asus laptop? You’re more likely to assume that they’re doing some mundane tasks, such as filling in a spreadsheet.
That’s the power of branding, and that is what a Miami website design agency can give to your brand.
Expertise in Local Market
Understanding the local market is a huge advantage for online success, and that’s where the expertise of a full-service web design agency in Miami truly shines. They grasp the pulse of the city, unearthing local preferences and trends that are imperative to formulating an effective online strategy.
Imagine having a website created with a profound understanding of Miami’s diverse cultural landscape. They know what people value and resonate with, what kind of approach will yield the best results, and how to market yourself as the perfect solution to your audience’s problems. Your business will resonate, delivering an exceptional user experience that captivates your local audience.
The specificity can prove invaluable in order to enhance your brand’s visibility and foster deeper customer engagement.
Efficient Execution
Navigating the intricacies of website design and maintenance, full-service agencies in Miami can efficiently execute your project, saving you both time and effort. When you partner with them, your web project gets done correctly and expertly. And the best part? It’s accomplished in a shorter time frame.
What does efficient execution mean for your business (and why should you care)?
- It implies that your website’s performance aligns with your core business goals, becoming a pillar of support for your growth.
- Technicalities such as security and backups aren’t your headache anymore. Agencies in Miami handle these expertly, without you having to worry about it.
- Website maintenance is a breeze. These agencies provide ongoing support to maintain your website’s optimal performance.
- The resources freed up by outsourcing tasks beyond your expertise can be deployed to your core business areas.
In a nutshell, you receive unparalleled services while having more time to concentrate on your business’s main operations. Isn’t that a win-win situation?
ProMaxima Strength and Conditioning Unveils Dynamic Rebranding to Reflect Evolution and Future Vision – Introducing PMX
ProMaxima, a prominent American manufacturer of fitness equipment, announces a significant rebranding initiative. Following ownership changes in 2022 and extensive enhancements ProMaxima emerges with a new identity to better align with its growth trajectory and future aspirations.
Formerly known as ProMaxima, the company will now operate under the name PMX ProMaxima. This rebranding marks a transformative moment for the company, founded in 1967, reinforcing its status as an innovative industry leader. The new name reflects PMX ProMaxima’s commitment to advancing fitness equipment, maintaining superior American-made quality, delivering exceptional value, and enhancing customer experiences.
David Hoodis, President and CEO of PMX ProMaxima, who was former Vice President and Officer at Walmart, as well as CEO of Mood Media which was owned by Apollo Global Management and KKR, commented, “Our decision to rebrand to PMX ProMaxima underscores our dedication to evolving as a company and articulating our vision for the future. This change encapsulates our commitment to innovation, quality, and customer-centric values, positioning us at the forefront of the industry.”
Under the PMX ProMaxima brand, the company will continue to design and manufacture high-quality fitness equipment in the USA, catering to the diverse needs of fitness enthusiasts, athletes, and gym owners worldwide. This rebranding emphasizes PMX ProMaxima’s drive to innovate, adapt, and empower individuals and organizations in achieving their fitness goals.
The PMX ProMaxima brand introduces a modern visual identity with a sleek, stylized logo that embodies its energetic spirit. The bold typography signifies PMX ProMaxima’s leadership in innovation, quality, and value within the fitness industry.
Additionally, the new slogan, “Strength From Within,” reflects PMX ProMaxima’s core values: the strength of its clients and users, the collaborative spirit of its team, and the determination to exceed expectations.
Arnold Vazquez, responsible for operations and logistics at PMX ProMaxima and a retired USAF Veteran, remarked, “The transition to PMX has invigorated our team, reinforcing our commitment to excellence.”
In conjunction with the rebranding, the PMX ProMaxima website (www.PMXstrength.com) will undergo a comprehensive redesign to improve user experience, facilitating easier access to product information and seamless order placement.
PMX ProMaxima remains steadfast in its commitment to customer satisfaction and continuous improvement. Beau Blackard, Chief Revenue and Customer Officer, who joined PMX ProMaxima from BSN Sports, noted, “The team at PMX ProMaxima sets the standard in our industry, dedicated to delivering exceptional quality and support.”
For more information PMX ProMaxima and its range of fitness equipment solutions, visit www.PMXstrength.com
PMX Promaxima
David Hoodis
713-667-9606
pmxstrength.com
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