SAF makes SET Market for Alternative Investment (MAI) debut, embarks on a growth plan to accentuate leadership in special grade steel business

S.A.F. Special Steel PCL (SET: SAF), one of Thailand’s leaders in high-grade steel supplies and vacuum hardening services, today made a trading debut on the Stock Exchange of Thailand (SET) Market for Alternative Investment (MAI). SAF’s entry in the industrial products segment came on the heels of a successful initial public offering (IPO) of 80 million shares at 1.93 baht per share.

SAF’s leadership in special grade steel, and potential to grow with target industries, and the management team’s experience and vision will make SAF a quality stock for the Thai capital market. [Image: SAF]

Mr Pisit Ariyadejwanich, Chief Executive Officer of SAF hailed the SET Market for Alternative Investment (MAI) debut as a crucial milestone in the firm’s 30-year-plus history, marking a new chapter in business expansion. “This is an important step and the pride of the management, team members, and all stakeholders who have contributed to this remarkable success,” he said.

With the MAI listing, SAF is targeting growth in the country’s three main industries, namely automotive parts, construction materials, and food. It is prepared to expand by building the new warehouse and setting up the nitriding furnace system, as well as seek growth opportunities in the CLMV countries which includes Cambodia, Laos, Myanmar, and Vietnam.

SAF is ready to capitalize on its experience and expertise of more than three decades in the sales of special-grade steel and providing vacuum heat treatment services. SAF has been entrusted as the distributor of high-quality special steel from leading German brands such as DORRENBERG EDELSTAHL GmbH and WILHELM OBERSTE-BEULMANN GmbH.

The company is committed to delivering innovative products and high-quality services, improving the efficiency of human resources and completing operational processes, as well as following good Environmental, Social, and Governance (ESG) guidelines.

The three key industrial sectors that SAF will focus on, with potentially significant growth are:
– Automotive parts industry using special grade steel to make molds and dies to produce parts for automobiles, motorcycles, as well as agricultural machinery vehicles
– Construction materials industry using special grade steel to make dies to produce aluminium profiles for window and door frames, machinery parts in the production of cement and steel for construction works
– Food industry using special grade steel to make molds and dies to produce pans, pots, LPG cylinders, cans, and packaging bottles, and machinery parts in the sugar cane production process, and so on

The company will focus on expanding its customer base by offering hardening services together with mold steel selling, launching new products, and participating in bidding for various public and private projects.

Concurrently, SAF is also looking for opportunities to expand into ‘New S-curve’ industries such as electric vehicles (EV), as well as expanding its business to CLMV countries.

Furthermore, SAF will seek authorization from German partners to be the exclusive distributor of special grade steel products in those countries.

In addition, the company has targeted on achieving an annual growth rate of 23-28% during 2023 to 2024 in line with the increased inventory capacity and the addition of nitriding hardening services, of which, enable SAF to respond to customers better and more comprehensively.

Miss Veeraya Sriwattana, Head of Investment Banking CGS-CIMB Securities (Thailand) Co., Ltd., lead underwriter of the SAF new share issue, said the firm’s MAI listing would boost its business potential and enhance capital strength to support the business expansion plan. According to the company’s goals, this consists of increasing its warehousing capacity to 4,000 tonnes, with the expansion of the SAF3 warehouse, and investing in a nitriding furnace system to provide a one-stop hardening service for industrial customers.

She also said that with SAF’s leadership in the business of special grade steel, the potential to grow continuously along with the targeted industries, and the management team’s vision and experience will make SAF a quality stock for investors in the Thai capital market.

S.A.F. SPECIAL STEEL PCL (SAF), https://www.saf.co.th/en/ [SET: SAF] [SET: SAF/F] [SET: SAF-R].

Released for S.A.F. Special Steel PCL by MT Multimedia Co Ltd
Pipop Khongwong (‘Top’), T. +66-81-929-8864, E: pipop.k@mtmultimedia.com.


Topic: IPO

Hong Kong – FS makes his third day of visit to Davos, Switzerland (with photos)

FS makes his third day of visit to Davos, Switzerland (with photos/video)

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     The Financial Secretary, Mr Paul Chan, made his third day of visit to Davos at the World Economic Forum Annual Meeting (January 18, Davos time).

     In the morning, Mr Chan attended a breakfast meeting on the theme of “Hong Kong Perspectives: Connectivity in an Evolving World”, co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Exchanges and Clearing Limited. In his speech, Mr Chan pointed out that with the unique advantages under “one country, two systems”, Hong Kong serves as the bridge between the Mainland and the rest of the world in many areas such as finance, professional services, aviation, transport and logistics, as well as arts and culture. As convenient access to the Mainland and the world has fully resumed, Hong Kong now stands at a new start with ample opportunities of development. The HKSAR Government is actively attracting enterprises and talents to come to Hong Kong, seeking to upgrade and nurture industries, and it welcomes friends from all over the world to Hong Kong to explore development opportunities. The 70 or more participants included senior management personnel of multinational companies, business leaders, entrepreneurs and representatives from the financial and investment sectors.

     At noon, Mr Chan attended the Informal Gathering of World Economic Leaders luncheon. 

     He also respectively met with the Secretary-General of the Organisation for Economic Co-operation and Development, Mr Mathias Cormann, as well as Member of the World Economic Forum Executive Committee and Head of Internet of Things and Urban Transformation Platform, Mr Jeff Merritt. They exchanged views on the global economy, technological development, etc.

     Meeting the senior management of a multinational company and founder of a start-up company, Mr Chan encouraged them to capitalise on Hong Kong’s strengths in connectivity and explore the global market.

     Mr Chan will continue his visit to Davos today (January 19, Davos time).

Shufti Pro Makes It to the Ultimate Fintech Awards MEA 2023

 Shufti Pro, the leading provider of AI-powered end-to-end identity verification, eKYC, KYT, and AML solutions, has been nominated at the Ultimate Fintech Awards MEA 2023 under the categories of “Best Fintech AI Solution,” “Best Regtech Reporting Solution” and “Best Client Onboarding Solution.”

Honouring excellence across the Middle East and Africa, Ultimate fintech’s main focus lies in driving ROI by connecting the brands to the right audience through a customised range of services in marketing, events and PR. While Shufti Pro, an AI-powered KYC/AML service provider, has been catering to the IDV needs of 100s of customers worldwide since its inception in 2017.

You can show your support for Shufti Pro by voting in the category of “Best Fintech AI Solution,” “Best Regtech Reporting Solution,” and “Best Client Onboarding Solution” at the provided link. Voting lines are open until Jan 10, 2023, while the winners will be announced on Jan 18, 2023, in the awards ceremony to be held at iFX Expo Dubai.

Expressing his thoughts about being nominated, the CEO of Shufti Pro, Victor Fredung, said, “The nomination in the upcoming Ultimate Fintech Awards MEA 2023 validates our efforts in providing automated and configurable Fintech, Regtech and client onboarding solutions. In a time where online scams are skyrocketing in the financial sector, providing cutting-edge Fintech and Regtech services is our top priority. This nomination has encouraged the Shufti Pro team to strive even harder towards providing seamless identity verification solutions to our global customers.”

Shufti Pro has recently won “Best Financial Technology Provider UK 2022” and two International Business Magazine Awards 2022 for providing world-class ID verification services. The company has also won “Top RegTech Startups” under the category of “Emerging Startups 2022.” Shufti Pro also won “Best Digital KYC/Onboarding Application UAE 2022” and “Best Digital KYC/Onboarding Application Europe 2022” at Global Business Reviews Magazine Awards 2022 for its market-competitive identity verification solutions.

About Shufti Pro
Shufti Pro is a leading identity verification service provider offering KYC, KYB, KYI, AML, and OCR solutions that are accelerating trust worldwide. The UK-headquartered company has six international offices and has launched a suite of 17 complimentary IDV products and solutions since its inception in 2017. With the ability to automatically and securely verify over 9000 ID documents in more than 150 languages, Shufti Pro proudly serves customers in 230 countries and territories.

Shufti Pro
Graeme Rowe
+1 781-229-5841
shuftipro.com

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Shop Downtown App Makes Giving Tuesday A Year Round Event

New Shopping App Supports Nonprofits By Turning Popular Merchant Discount Card Promotions Into Convenient Mobile App

Shopdowntown Post

Shopdowntown Post

MEDFORD, Ore.Nov. 29, 2022PRLog — Shop Downtown, a leading provider of digital downtown city-based merchant discount cards, today unveiled a new way for nonprofits to fundraise via the firm’s new mobile app, available on Google Play and the Apple App Store, just in time for this year’s Giving Tuesday.

The new Shop Downtown app presents a unique opportunity for non-profits. Here’s how it works: shopdowntown.org offers nonprofits a way to fund their own projects by selling ad space on the App to downtown businesses and sharing in the annual revenue created. A non-profit that signs-up fifty local businesses stands to make up to $10,000 per year for their cause. “We see the affiliation with local non-profits as a community-minded way to grow our footprint in cities and towns across the country,” said Wells.

The new fundraising platform offers participating organizations digital consulting, nonprofit formation, Google Ad grant application support, and a bevy of other features designed to make the process easy and transparent.

Additionally, the firm can white label and automate the creation of digital discount programs (https://shopdowntown.org/pages/partner.php) for charities and nonprofits for a small percentage of revenues generated – providing yet another avenue for local nonprofit organizations to raise funds.

About the app:

Available for iOS (Apple App Store (https://apps.apple.com/us/app/shop-downtown/id1630570265)) and Android (Google Play (https://play.google.com/store/apps/details?id=com.intouchmobile.shopdowntown)), the Shop Downtown app turns traditional physical merchant discount cards, long used to promote local, downtown businesses across the country; into a convenient, easy-to-use mobile application – bringing the concept and service into the 21st Century. Users unlock a bevy of downtown discounts ranging from five-to-fifteen percent on their purchases. “In a time of rising inflationary pressures, discounts have become increasingly attractive,” said Wells.

How it works:

Downtown businesses pay $400 per year, a little over $33 per month, for ad space on the app and in the directory. For that investment, businesses are listed in the app directory with their logo; contact information including, phone, email and directions; links to the business’s website and social media accounts which drives traffic to local stores.

The backstory – evolution of the app:

In 2013, Wells’ wife Heather opened a yarn shop in downtown Medford, Oregon. To help support the shop and other neighboring downtown businesses, the Wells started shopdowntown.org to offer shoppers a tangible discount for patronizing local businesses. First focused on Medford, Daniel Wells quickly began creating a database of downtown business directories nationwide. Wells expanded the footprint of the domain to create a directory of shops, restaurants and hotels for every City in the United States, Canada, Australia, New Zealand and the UK.

At the same time, Eric Reimer and his partner Sean Nielsen were building a company to help small businesses, downtown communities and non-profits create their very own custom Mobile Applications. While doing their research, Reimer and Neilson encountered shopdowntown.org, which appeared at the top of most Google searches for downtown businesses, and immediately contacted Wells. In short order, they were collaborating and the new shopdowntown.org mobile app is the result.

BT Group makes Cost of Living Pay Rise as union recommends end to strikes


WEBWIRE



BT Group has announced plans for a UK Cost of Living Pay Rise to all but the highest paid staff.  Chief Executive, Philip Jansen, presenting the company’s half year results this month, had made clear his determination to make such an award.  Subsequent discussions with the Communication Workers Union (CWU) and Prospect have led to both unions recommending agreement.


Details of the Cost of Living Pay Rise are:

  • £1,500 pay rise for all UK colleagues who currently earn £50,000 or less from 1 Jan 2023
  • Consolidated salary increase, not one-off payment
  • Covers 100% of frontline staff (and others at ‘Team Member’ grade), and 51% of managers in the UK. In total, 85% of UK-based BT Group colleagues
  • Highly competitive pay award when combined with the increase made in April, bringing the total percentage pay rise for the lowest paid to over 15% since this time last year
  • Includes Openreach

The Cost of Living Pay Rise is being communicated to all UK BT Group staff.  At the same time, CWU and Prospect will communicate to their members, and will run consultative ballots recommending people vote in favour.  The outcome of those ballots will be announced in mid-December, and in the case of the CWU would end industrial action if members are supportive.


BT Group has committed to still run a 2023 pay review for UK colleagues but this will now move to September 2023 and take into account the January Cost of Living Pay Rise.


Announcing the new Cost of Living Pay Rise, BT Group Chief Executive, Philip Jansen said:


“This award is based on the principles we have followed throughout this difficult period.  It gets help to as many of our colleagues as possible; favours our lower paid colleagues; and gives people the security of a built-in, pensionable increase to their pay.


“Crucially, it has been worked on in conjunction with the CWU.  As I’ve said throughout, whatever our differences, our unions are vital partners.  We will now build on this collaboration:  We have agreed with both our union partners that we will all lean into the opportunities and challenges the future will bring, specifically our transformation plans and the delivery of the £3bn cost savings by the end of FY25. Ultimately, we all want BT Group to be successful so that we can do the best by our people and customers for years to come.”

About BT

BT Group is the UK’s leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services. We also provide managed telecommunications, security and network and IT infrastructure services to customers across 180 countries.


BT Group consists of four customer-facing units: Consumer serves individuals and families in the UK; Enterprise and Global are our UK and international business-focused units respectively; Openreach is an independently governed, wholly owned subsidiary, which wholesales fixed access infrastructure services to its customers – over 650 communication providers across the UK.


British Telecommunications plc is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on the London Stock Exchange.


For more information, visit www.bt.com/about