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Archive for August 17th, 2016

SHKF Acts as Joint Book Runner for US$250m 5-year Guaranteed Notes by CSI Properties

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HONG KONG /PRNewswire/ — Sun Hung Kai Financial (“SHKF”) acted as Joint Lead Manager and Joint Book Runner (“JBR”) for the issue of US$250 million 5-year Guaranteed Notes (“the Notes”) by CSI Properties Limited (“CSI Properties”). The Notes were priced on 1 August 2016 with a coupon of 4.875%. The issue was well received by the market with a total demand of over US$1.8 billion, which resulted in a tightening of pricing from the initial guidance of 5.125%.

In 2016 YTD, SHKF has acted as JBR for four bond issuances, raising over US$1.6 billion. This demonstrates SHKF’s strong distribution network. Previously, SHKF acted as JBR in China Minsheng Investment Corporation Limited’s 3-year US$500 million Medium Term Note programme, Sun Hung Kai & Co. Limited’s US$361 million 5-year Guaranteed Medium Term Note programme and AMTD Group’s 3-year US$500 million Medium Term Note programme.

Mr William Leung, Chief Executive Officer, SHKF, said, “We see solid demand from our institutional and wealth management clients for fixed income products from quality issuers. Our key role in such offerings, which were multiple times subscribed and upsized, is a testament to SHKF’s strong distribution capability in the market, which will position us to continue to build our business in the debt capital markets segment.”

About Sun Hung Kai Financial Limited

Sun Hung Kai Financial Limited (“SHKFL”), with its foundation dating back to 1969, is a 70%-owned subsidiary of Everbright Securities Company Limited (“Everbright Securities”, SSE: 601788).

Operating under the Sun Hung Kai Financial brand as well as the SHK Direct and SHK Private sub-brands, SHKFL has two core business segments, Wealth Management and Brokerage, and Capital Markets. It offers customised wealth management and investment solutions for retail, corporate and institutional clients. Backed by Everbright Securities, SHKFL provides greater access for Hong Kong and Mainland investors to a broad range of products and services.

SHKFL has an extensive branch and office network in Hong Kong, Macau and Mainland China, and offers a diversified financial trading platform to its customers. SHKFL, through its subsidiaries, currently has about HK$85.4 billion* in assets under management, custody and/or advice. For more information, please visit

*As of 30 June 2016

For enquiries:

Juliana Chan

(852) 3920 2511

Maggie Chan

(852) 3920 2513

Hinson Ngai

(852) 3920 2509

Source: Sun Hung Kai Financial Limited
Related stocks: Shanghai:601788
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Written by asiafreshnews

August 17, 2016 at 6:10 pm

Posted in Uncategorized

Southco Chooses DHL as its Sole Global Logistics Provider

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— Since 2009, DHL Global Forwarding has provided Southco with logistics services for the Americas, Europe and Asia Pacific
— Contract renewed for four more years utilizing several DHL products and services

SINGAPORE /PRNewswire/ — DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL Group, announced that Southco, a global source for engineered access hardware solutions, has chosen DHL once again as its sole global logistics provider. The company renewed their existing contract with DHL for another four years for a combination of air, ocean, domestic and customs brokerage services on various trade lanes.

Southco currently uses DHL Global Forwarding to ship a variety of its latches, hinges and engineered access hardware products between its 17 engineering and manufacturing locations in the Americas, Europe and Asia Pacific. DHL transports Southco’s access hardware products via ocean freight and via DHL’s Less-Than-Container Load (LCL) solution. In Europe, the company uses DHL’s road freight to move its finished products from its manufacturing plant in the United Kingdom to continental Europe.

“With their focus on delivering customized engineering solutions for applications in industries such as automotive, aerospace, mass transit and off-highway/construction, timely delivery and efficient supply chain management is critical to Southco and its customers. Their renewal of the DHL contract for another four years is testament to their confidence in our track record of delivering to their expectations. Our experienced team will continue to optimize their supply chain between South China and the U.S.,” said Piak-Hwee Tan, Senior Vice President, Marketing & Sales, DHL Global Forwarding Asia Pacific.

“The relationship we have developed with DHL has been crucial to the success of our manufacturing facilities maintaining a continuous production flow, allowing us to get our products to market faster,” said Paul Smith, director, Global Supply Chain, Southco, Inc. “With DHL Global Forwarding’s presence in the markets where we operate, it has helped us minimize or avoid unnecessary disruptions to our supply chain during any type of natural disaster or major event. DHL Global Forwarding also provides us with a global point of contact along with regional points of contacts in all regions where Southco operates, providing us day-to-day updates of our shipments and how we perform against our key performance indicators.”

Southco has more than 100 years’ experience in helping its customers overcome engineering challenges, with a focus on differentiating the engineered “touch points” of their products to ultimately improve the end user experience. DHL Global Forwarding has more than 200 years helping its customers meet their needs, including those in the engineering and manufacturing industry with its warehousing, order fulfillment, sub-assembly and transportation management, among other core services.

– End –

About Southco

Southco is the leading and trusted global source for engineered access hardware solutions, including a variety of latches, locks, captive fasteners, quick access fasteners, hinges, handles, inserts, electronic access solutions, and other accessories for applications in the networking, telecommunications, computer, automotive, aerospace, mass transit, off-highway/construction, RV/caravan, industrial machinery, marine and HVAC industries.

Southco is passionately focused on delivering customized engineering solutions and global support for its customers. The company aspires to be a virtual engineering center for its customers’ engineered access solutions and is committed to providing outstanding quality and overall satisfaction. Southco’s promise to its customers is to connect, create and innovate to provide the best solution for every access engineering problem.

About DHL

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 340,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including technology, life sciences and health care, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as “The logistics company for the world.”

DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 59 billion euros in 2015.

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Source: DHL
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Written by asiafreshnews

August 17, 2016 at 5:44 pm

Posted in Uncategorized

Frost the Trail 2016 raises S$120,000 for charity with more than 600 runners from the corporate community

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SINGAPORE /PRNewswire/ — Over the weekend, the corporate community in Singapore gathered and ran for a good cause, raising S$120,000 for Peace Connect and Bright Hill Evergreen Home. This is the 11th edition of the annual Frost & Sullivan Corporate Challenge in Singapore.

Frost the Trail 2016
Frost the Trail 2016
Approximately 623 runners participated in the charity run, popularly known as Frost the Trail on Saturday, August 13 at the MacRitchie Reservoir Park. Gracing the event as the Guest of Honour was Mayor Denise Phua.

Runners participated in one of two categories — the 5 km team race as well as the 10 km individual race.

“We greatly appreciate the support that we have been receiving all these years from the various corporations in Singapore, allowing us to continue supporting our beneficiaries — Bright Hill Evergreen Home and Peace Connect,” said Mr. Thomas Tay, the Organising Chairman for Frost the Trail Singapore.

“It is heartening to see members of the corporate community taking the time to come together for a good cause,” he added.

According to Mr Tay, Frost the Trail is a run that encourages the business community to unite for a worthy cause. He added that 100% of the proceeds raised will be given directly to Frost & Sullivan’s chosen beneficiaries.

The winners for Frost the Trail Singapore Corporate Challenge 2016 are as follows:

5km race (Team)

First Place: Cisco Systems (USA)
1st Runner-Up: EMC Singapore
2nd Runner-Up: Cisco Systems (USA)

10km race (Individual Male)

First Place: Jacek Brodniewicz, Aedas Pte Ltd
1st Runner-Up: Richard Thomas, BT Singapore
2nd Runner-Up: Steve Robinson, BT Singapore

10km race (Individual Female)

First Place: Fredalyn Japson, Whampoa Keng Fish Head Steamboat
1st Runner-Up: Joyce Lee, Corporate Managers Pte Ltd
2nd Runner-Up: Mariana, Polycom Asia Pacific Pte Ltd

BT, Teleperformance, Tote Board, Singapore Pools and RSM were the Platinum Donors while CITIC Telecom, Jabra, CenturyLink and EMC were the Gold Donors. Supporting Partners included Alpen and Eagle Brand. The Official Sports Partner was Columbia while Spritzer supplied the official Mineral water at the run. RugGear was the Communications sponsor.

To find out more about Frost the Trail Singapore Corporate Challenge and its beneficiaries, please visit

Frost the Trail 2017 is scheduled for August 2017 and advance expressions of interest from corporate companies for sponsorship, donations, runners and contributions in kind are welcome.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion

Media Contact:

Melissa Tan
Corporate Communications – Asia Pacific
P: +65 6890 0926

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Source: Frost & Sullivan
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Written by asiafreshnews

August 17, 2016 at 4:01 pm

Posted in Uncategorized

AP-Networks Looks at the State of Global Dry Docking Performance

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The recently completed 2015 Dry Docking Performance Benchmarking Study provides eye-opening metrics on dry docking practices, and cost and schedule outcomes

AMSTERDAM /PRNewswire/ — Asset Performance Networks, LLC (AP-Networks) has announced the results of the 2015 Dry Docking Performance Benchmarking Study. The study involved ship management organizations based out of Southeast Asia and Europe. Participants provided detailed data on dry docking planning and preparation, execution, and performance outcomes. By reviewing this data, along with insights gained from in-depth face-to-face interviews, AP-Networks drew on its knowledge as Industry’s premier benchmarking and assessment firm to provide a comprehensive “state of the industry” report on dry docking practices and outcomes.

The final report, covered in an article by industry website Splash, looks at how individual participants compare to the Industry average across a diverse array of performance benchmarks. Additionally, the study examines where the dry docking practice area as a whole stands compared to other asset-intensive practice areas worldwide, such as offshore shutdowns and petrochemical turnarounds. AP-Networks found that, overall, dry docking is an immature practice area with a great degree of potential to refine and optimize planning and execution practices in pursuit of much more competitive cost and schedule outcomes.

In addition to discussing Industry performance on cost, schedule, and safety, the final report highlights a number of opportunities for the maritime industry as a whole to capitalize on. To receive a copy of the report, visit To inquire about involvement in the next AP-Networks Dry Docking Performance Benchmarking Study, and to learn more about AP-Networks’ benchmarking services, contact Leon van Hout, Dry Docking Benchmarking and Assessment Project Manager for AP-Networks:

Telephone: +31-20-486-1185

About Asset Performance Networks

AP-Networks is Industry’s premier turnaround benchmarking and assessment firm. We aim to advance the state of Industry knowledge, and to drive continuous improvement. Our unique combination of on-the-ground experience, evaluative tools, and comprehensive data generates measurable results by bringing predictability and competitiveness to high-risk events.

For more than a decade, our company has worked to understand and improve turnaround and shutdown performance in the energy and petrochemical industries. By combining our detailed turnaround event knowledge with the insight gained from our Industry-sponsored studies (i.e., Upstream Turnaround Performance Benchmarking Study, Oil Sands Turnaround Cost Performance Benchmarking Study), we offer our clients access to the largest database of turnaround metrics in the world.

We engage with dry docking and turnaround teams from offshore and shipping clients such as BP, Chevron, Neste, Masterbulk, Shell, Statoil, Suncor, and Transocean to help them achieve their goals in executing turnarounds and turnaround-like events.

Source: Asset Performance Networks, LLC
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Written by asiafreshnews

August 17, 2016 at 9:58 am

Posted in Uncategorized