Hong Kong – “E&M I&T Day 2021” successfully held (with photo)

“E&M I&T Day 2021” successfully held (with photo)

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     Organised by the Electrical and Mechanical Services Department (EMSD) together with the Hong Kong Science and Technology Parks Corporation, the “E&M I&T Day 2021” concluded today (December 8). The two-day event was held at the Hong Kong Science Park and attracted over 250 participants from different government departments and various sectors such as innovation and technology (I&T), electrical and mechanical (E&M), tertiary institutions and public organisations.



     “E&M I&T Day 2021” had two major themes, namely smart city and smart building. Experts, universities and research and development (R&D) institutions were invited to share their innovative solutions in the field of smart city and smart building through exhibition booths and seminars to facilitate co-operation and increase opportunities for the realisation of R&D outcomes.



     In line with the Government’s policy direction for the development of I&T, government departments are committed to using I&T to improve public services, as well as gradually implement the measures and goals set out in the “Hong Kong Smart City Blueprint” and “Hong Kong’s Climate Action Plan”. The E&M I&T Day adopted a “technology-driven” approach to stimulate participants to think about using innovative technology to improve or even resolve various challenges related to livelihood and sustainable development.



     The EMSD appreciates the support of strategic partners in the local and Greater Bay Area to promote collaboration among various government departments, the E&M trade and the I&T sector, and will continue to work together to promote the E&M related I&T applications for the benefit of society.



     During the “E&M I&T Day 2021”, around 1,000 people watched the live broadcast. An online platform also provided virtual exhibitions and lectures to review. The online platform will be open until January 7, 2022, to provide virtual exhibitions and recorded seminars. Interested parties can register at emitday.hk/publicform-online.

Dynafront Successfully Lists on LEAP Market of Bursa Malaysia

Dynafront Holdings Berhad (“DynaFront” or the “Company”), an insurance technology specialist, made a successful debut on the LEAP Market of Bursa Securities Malaysia Berhad (“Bursa Securities”) today at 23 sen per share, which was 2 sen or 9.6% higher than its offer price of 21 sen per share.

L-R: DynaFront Non Independent Non Executive Director Mr. Chan Choong Wai; DynaFront Executive Director/Group Chief Operating Officer Ms. Gan Hui Ping; DynaFront Managing Director/Group Chief Executive Officer Mr. Chan Eng Lim

The Company and its subsidiaries (“Group”) specialises in developing and providing proprietary and customised enterprise information technology (“IT”) solutions for a broad range of life insurance companies, including conventional life insurers, Takaful operators, independent corporate life insurance agencies and group assurance operations. DynaFront’s solutions, offered either as proprietary software products or managed services, have been successfully deployed to markets in Malaysia, Indonesia, Singapore, Philippines, Taiwan and Hong Kong.

The Group offers a comprehensive suite of software solutions extending from front-end sales automation systems to back-end individual and group life administration systems including PrecentiaCMS for front-end sales automation system, PrecentiaLife for back-end individual life administration system as well as PrecentiaGroup, a suite of back-end group life administration systems for employee benefits. DynaFront also offers PrecentiaTakaful supporting the Wakalah, Mudharabah and hybrid concepts and can be integrated into various Takaful models.

Mr. Chan Eng Lim, Managing Director and Group Chief Executive Officer of DynaFront said during the Listing Ceremony today, “We pride ourselves with the fact that many of our key management staff were formerly from the life insurance industry. Our extensive industry background and in-depth domain knowledge, coupled with our broad IT expertise, have been instrumental not only in the design and engineering of our software solutions, but also to our Group’s success over the years.”

“Moving forward, our Group will continue to expand and evolve our solution offerings by adopting microservices based architecture to deliver consistent, high-quality services with security, reliability and agility in all our solutions to our customers. With this adoption of microservices architecture, we expect our next generation of software solutions to be lightweight with modern technology stacks and AI driven, in our quest to create a smarter insurance ecosystem.

DynaFront is also moving into the virtual insurance space, with the Group’s research and development team focusing on the development and implementation of new mobile applications in wearable technologies, including web-enabled smart devices that use embedded systems, such as processors, sensors and communication hardware, to collect, send and act on data acquired from their environments such as temperature screenings and, movement detections to smart watches and wearable health devices. Real-time syncing and processing of data between wearables and our platform microservices as well as real-time health monitoring will enable life insurance companies to structure insurance products which are more customised and suited for the policy holders.

Hong Leong Investment Bank Berhad is the Approved Adviser, Placement Agent and Continuing Adviser for the listing exercise.

For more information, please contact Hakim J. Munif at +60 12-318 5410 or h.juraimi@swanconsultancy.biz.


Topic: Press release summary

SES Successfully Prices EUR 625 Million Hybrid Bond Offering

SES S.A. announced the successful launch and pricing of a hybrid bond offering in which it has agreed to sell Deeply Subordinated Fixed Rate Resettable Securities for a total amount of EUR 625 million, with a first reset date on 27 August 2026. The notes will bear a Coupon of 2.875% per annum and were priced at 99.409% of their nominal value.  

The instrument’s credit ratings are expected to be Ba1/BB with Moody’s and Standard & Poor’s respectively.  The hybrid bonds issued by SES are non-dilutive instruments that are expected to receive 50% equity credit by both rating agencies and be classified as equity under IFRS.  Proceeds of the issuance will be used for general corporate purposes which includes the possible refinancing of existing hybrid capital instruments.  

Concurrently, SES has also announced a capped tender offer for its outstanding hybrid EUR 750 million 4.625% Perp NC2022 at a fixed purchase yield at -0.10%. With this transaction SES has taken advantage of the current attractive market conditions to proactively refinance its hybrid tranche callable in January 2022 well in advance of the first call date.

J.P. Morgan and MUFG Securities acted as Global Coordinators & Structuring Agents, together with BNP Paribas, Goldman Sachs International, HSBC, Mizuho Securities as Joint Bookrunners and Intesa Sanpaolo as Co-Lead.  The settlement is scheduled for 27 May 2021 and application has been made for the notes to be listed on the Luxembourg Stock Exchange.  The securities were placed with a broad range of institutional investors across Europe.

Sandeep Jalan, Chief Financial Officer of SES, commented, “We are pleased to have secured this new hybrid offering which allows us to proactively refinance the nearest hybrid call at significantly more favourable terms.”

About SES

SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries over 8,400 channels and has an unparalleled reach of 361 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com

Disclaimer

The securities have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any other jurisdiction and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or unless pursuant to an applicable exemption from the registration requirements of the Securities Act and any other applicable securities laws. No public offering of securities will be made in the United States of America or in any other jurisdiction where such an offering is restricted or prohibited. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

This announcement does not constitute and shall not, in any circumstances, constitute a public offering nor an invitation to the public in connection with any offer within the meaning of the Directive 2003/71/EC of the Parliament and Council of November 4, 2003 as implemented by the Member States of the European Economic Area (the “Prospectus Directive”). With respect to the member States of the European Economic Area which have implemented the Prospectus Directive (each, a “relevant member State”), no action has been undertaken or will be undertaken to make an offer to the public of the securities requiring a publication of a prospectus in any relevant member State.  As a result, the securities may only be offered in relevant member States: (a) to qualified investors (as defined in the Prospectus Directive, including as amended by directive 2010/73/EU, to the extent that this amendment has been implemented by the relevant member State); or (b) in any other circumstances, not requiring the issuer to publish a prospectus as provided under article 3(2) of the Prospectus Directive.

In addition to (and without prejudice to) the foregoing, in the European Economic Area this press release is directed only at persons who are not retail investors. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (“MiFID II”); (ii) a customer within the meaning of Directive 2002/92/EC, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) a “qualified investor” within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC as amended by Directive 2010/73/EU).  

With respect to the United Kingdom, this press release is only directed at (i) persons who are outside the United Kingdom, (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). Any securities will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

SouthEast IT Successfully Prepares Companies Emerging From Lockdown and Work-From-Home Mandates

“SouthEast IT understands the major challenges of moving between in-person and work-from-home situations and is prepared to customise IT and technology management plans according to fluid directives” – Chris Clark, Owner of SouthEast IT

For over a year, businesses throughout Australia have spent time coming to terms with big changes. One of these significant shifts for many operations has been the change to working from home. But now, businesses that recently tackled these challenges have to cope with yet another change – returning their employees to the office.
 
SouthEast IT has a reputation for helping businesses integrate new technologies and systems into their operations with ease, and now they have launched initiatives to help companies manage returning their employees to an in-person work setting or maintaining a hybrid approach. Some of these solutions include VoIP services, managed IT services, cloud services (including Microsoft 365 integrations), and many others.  
 
In response to this new focus on helping businesses, Chris Clark, owner of SouthEast IT, remarked, “Since the current pandemic situation is always shifting, SouthEast IT is prepared to help businesses adapt as they transition to having more employees in the office or reducing their in-person workforce as local mandates allow. SouthEast IT understands the major challenges of moving between in-person and work-from-home situations and is prepared to customise IT and technology management plans according to fluid directives.”
 
An IT partner for challenging times, SouthEast IT is ready to help any business manage their IT needs as cloud services, connectivity, and proper data storage have become increasingly important. Visit https://southeastit.com.au now to learn more.
 
About SouthEast IT
SouthEast IT has over 30 years of combined IT experience providing small and medium-sized businesses with comprehensive IT solutions. As certified MYOB and 3CX partners and Microsoft Small Business Specialists, SouthEast IT can easily integrate a wide range of IT solutions based on any company’s technological and operational goals.