CMS(00867) Joins Hands with Pharmaron to Promote the Singapore Manufacturing Plant Acquisition and CDMO Business in SEA

SHENZHEN, Jan 2, 2024 – (ACN Newswire) – On 29 December, 2023, PharmaGend Global Medical Services Pte. Ltd. (“PharmaGend”), jointly invested by China Medical System Holdings Limited (“CMS”), through its wholly-owned subsidiary CMS MEDICAL VENTURE PTE. LTD., and its non-wholly owned subsidiary Rxilient Health Pte. Ltd., with Pharmaron (Hong Kong) International Limited (“Pharmaron”) * and Healthy Goal Limited (“Legend Fund”), has entered into a lease agreement for the building and property located in Tuas, Singapore and completed the purchase of certain production machines and equipment from Strides Pharma Global Pte. Ltd. ( defined as “Singapore manufacturing plant ”).

Based on over 30 years of global investment and acquisition experience and proven commercialization capabilities, CMS actively implements an internationalization strategy starting from Southeast Asia with the mindset of openness and collaboration. The acquisition of Singapore manufacturing plant will be able to optimize the layout of the CMS’s overseas supply chain and production capacity, ensure the safety of the international supply chain and improve supply stability. In addition, it will help CMS to carry out product cooperation with global partners in the future and promote more cooperation opportunities.

The Singapore manufacturing plant has advanced manufacturing machines, equipment and first-class infrastructure. It had been approved by Health Sciences Authority of Singapore (HSA), U.S. Food and Drug Administration (FDA) and Therapeutic Goods Administration of Australia (TGA). It will serve as the plant and site for PharmaGend to carry out pharmaceutical formulation, finishing, and packaging business, accelerating the formulation Contract Development and Manufacturing Organization (formulation CDMO) business development in Singapore. These progresses will promote the globalization, high-quality, and sustainable healthy development of cooperative parties, and are expected to improve the accessibility of high-quality drugs with unmet clinical needs in emerging markets.

Additionally, CMS is gradually building up a systematic platform in Southeast Asia integrating product introduction, development, manufacture, formulation CDMO, marketing and promotion. The smooth progress of the formulation CDMO cooperation is of great significance to CMS in accelerating its business development in Southeast Asia. Relying on Singapore’s advantages in location, policy and talents, CMS will fully synergize with Pharmaron’s rich global R&D and international CDMO operation capabilities and experience as well as Legend Fund’s capital market influence, to efficiently promote the clinical development and commercialization of innovative products. It is expected to help global pharmaceutical companies to quickly enter the Southeast Asian market, while empowering Chinese pharmaceutical companies to achieve more efficient and high-quality international development, building a medical innovation ecosystem that is mutually beneficial.

CMS Stated: Pharmaron is an internationally leading service provider for new drug development and production, providing high-quality services to global companies and helping to reduce costs and increase efficiency of R&D in the pharmaceutical industry. Legend Fund has strong capital market influence and rich healthcare industry resources. This cooperation maximizes advantage of each party, and we will leverage Singapore’s favorable geographical and market environment, jointly promote the development and production of high-quality pharmaceutical products, introduce global novel and quality drugs that meet clinical needs to Southeast Asian patients, safeguarding patients’ quality of life.

*PharmaGend is 33.8% owned by CMS’s wholly-owned subsidiary, and 11.2% owned by Rxilient Health, 35% owned by Pharmaron, and 20% owned by Legend Fund.

Media Contact
Brand: China Medical System Holdings Ltd.
Contact: CMS Investor Relations

Topic: Press release summary

Hong Kong – Skilled hands keep HK history alive

Skilled hands keep HK history alive


     The Leisure and Cultural Services Department’s Conservation Office preserves Hong Kong’s cultural heritage, including classic pieces from the city’s legendary pop stars, and has sent over 50 staff to take part in 17 local or overseas professional conservation training courses.
   spoke to two of the department’s conservators for an insight into their daily work, and to find out what skills are needed to preserve invaluable and irreplaceable cultural property for future generations.
     The story is available at today (June 4) in text and video format.

MEXC and Join Hands in New Frictionless Payments Deal

Singapore, 5 July 2021, ZEXPRWIRE, Leading crypto exchange platform MEXC Global, has inked a strategic partnership with, a cryptocurrency-friendly online travel agency.

This will see integrate MX tokens with its payment system. MEXC users will pay for all of their bookings in its native MX tokens.

The partnership gives MEXC users access to a diverse range of listings from around the world. MX token holders can utilize their tokens as payment for travel products listed on 

“We’re looking forward to a flourishing partnership with as they advocate the use of cryptocurrencies in travel, with hopes of leading to mass adoption soon. This comes as exciting news for our community, as we constantly seek to enhance our service offerings to our users”, said MEXC Global CEO, John Chen Ju.

The integration will allow MX holders to transact their businesses frictionlessly when booking over 2.2 million hotels and homes, 600+ airlines, and 400,000+ activities in over 230 countries.

The security of your transactions is ensured when you pay using MX tokens. For starters, you don’t have to worry about stolen funds or unauthorized card usage.

As individuals recommence travelling, they need flexible, cost-effective options. With potential savings of up to 40% compared to rival sites, MX users are promised incomparable prices via’s Best Price Guarantee. will assure users of the most competitive prices in the market.

Users can earn tokenized incentives with their payments through’s smart bonus program. Users may pay for services either via fiat or crypto since supports over 30 cryptocurrencies in addition to card payments.

The network has been providing a vast range of crypto payment options for users. Due to their use case in the ecosystem, the communities behind these assets have been increasing steadily. By partnering with MEXC Global, these coins will gain more benefits.

Juan Otero, CEO said: “In continuing our commitment towards mass cryptocurrency adoption, we’re very excited to partner with MEXC Global to champion the growth of the crypto community and to bring a new use case to MX. The team impressed me with their vision for their business, and I have no doubt that we will see them making waves in the crypto community.”

MEXC is a world-leading crypto exchange, the best one-stop trading solution. It provides projects and investors with trading, token circulation, and time deposits, among other benefits. The platform supports over 850 cryptos and tokens and holds most certificates for global compliance.

To directly interact with its continuously growing community, visit their social media pages: Website, Facebook, Instagram, Telegram, Twitter.

BEL hands over second interim dividend cheque of Rs. 174.43 Crore for FY 2020-21 to Raksha Mantri Shri Rajnath Singh

Bharat Electronics Ltd (BEL), a Navratna Defence PSU, has paid second interim dividend of 140% on its paid-up capital to the Government of India for financial year 2020 – 21.

Chairman & Managing Director of BEL Shri M V Gowtama, presented the second interim dividend cheque of Rs.174,43,63,569.20/- (Rupees One Hundred Seventy-four Crore Forty-Three Lakh Sixty-three Thousand Five Hundred Sixty-nine and Twenty Paise only), payable on the shares held by the President of India, to Raksha Minister, Shri Rajnath Singh, at New Delhi on March 30, 2021.  Secretary (Defence Production) Shri Raj Kumar was also present on the occasion.

 BEL has declared 140% percent as second interim dividend (Rs. 1.40/- per share) to its shareholders for the financial year 2020 – 21.This is the 18th consecutive year that BEL is paying Interim Dividend. BEL has paid a total dividend of 280% on its paid-up capital for the financial year 2019 – 20.


(Release ID: 1708504)
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PM hands over a Chadar for Ajmer Sharif Dargah

The Prime Minister, Shri Narendra Modi has handed over a Chadar that would be offered at the Ajmer Sharif Dargah on the 809th Urs of Khwaja Moinuddin Chisti.

“Handed over a Chadar that would be offered at the Ajmer Sharif Dargah on the 809th Urs of Khwaja Moinuddin Chisti”, the Prime Minister said.