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JNA Awards Unveils 2017 Categories and Judging Criteria

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HONG KONG /PRNewswire/ — JNA (Jewellery News Asia) is excited to announce the 2017 award categories and the judging criteria for the sixth annual JNA Awards. Online registration is now open to allow sufficient time for all interested parties from the jewellery and gemstone industry to review and choose the appropriate categories to enter.

JNA Awards
JNA Awards

 

 

The JNA Awards is one of the most rigorous and prestigious international awards programmes, which aims to promote and uphold excellence in innovation, creativity, leadership, sustainability and best business practices with a focus on initiatives that have a positive impact on Asia’s jewellery and gemstone sector.

This year, the organiser has adjusted a few award categories to better respond to the needs of the industry and, at the same time, encourage wider participation.

The award categories for 2017 are as follows:
1.         Lifetime Achievement Award (Nominated by the organiser)
2.         Brand of the Year — Retail
3.         Industry Innovation of the Year
4.         Manufacturer of the Year — Jewellery
5.         Outstanding Enterprise of the Year — ASEAN
6.         Outstanding Enterprise of the Year — Greater China
7.         Outstanding Enterprise of the Year — India
8.         Retailer of the Year (450 outlets and below)
9.         E-supplier of the Year
10.       Sustainability Initiative of the Year
11.       Young Entrepreneur of the Year (Age 40 and below)

Wolfram Diener, Senior Vice President of UBM Asia, said, “Feedback from the industry is always appreciated as it allows us, as organisers, to improve the experience of entrants without compromising fairness. We are very encouraged to see many past entrants benefitting from early registration when it was first offered last year. We would like to keep up the momentum this year to enable interested parties to have enough time to study the categories prior to the entry process.”

Letitia Chow, Founder of JNA, Director of Business Development — Jewellery Group at UBM Asia, and Chair of the JNA Awards judging panel, explained the changes on the affected categories.

“We have expanded the scope of e-commerce through the E-supplier of the Year category, which is open to all businesses related to jewellery conducted on the electronic platform from mine to market. Moreover, the Industry Innovation of the Year and Sustainability Initiative of the Year categories will be judged separately as we recognise them as equally important, but different drivers to the future growth of the industry.”

A complete description of the award categories, as well as a detailed explanation of the judging criteria and entry rules, may be reviewed after registering online. Entries may be submitted starting from early March to early May.

The JNA Awards 2017 is supported by Headline Partners Rio Tinto Diamonds and Chow Tai Fook (CTF), together with Shanghai Diamond Exchange (SDE), Guangdong Gems & Jade Exchange, and Guangdong Land Holdings Limited (GDLAND) serving as Honoured Partners.

Stay tuned for further announcements on the judging panel.

For more information, visit http://www.JNAawards.com/ or contact:

JNA Awards Marketing
UBM Asia (Hong Kong)
+852-2516-2184
marketing@jnaawards.com

Notes for Editors:

1.      About JNA (www.jewellerynewsasia.com )
JNA is the organiser of the JNA Awards and is the flagship publication of UBM Asia’s Jewellery Group. First published in 1983, the title is the leader in providing up-to-date international jewellery trade news with an Asian insight. It features original, in-depth reports by experienced journalists covering the latest developments in the diamond, pearl, coloured gemstone, jewellery manufacturing, and equipment and supplies sectors.

2.      About the Headline Partners
2.1 Rio Tinto Diamonds (www.riotinto.com/diamondsandminerals )
Rio Tinto Diamonds is one of the world’s leading diamond producers and operates a globally integrated mine-to-market diamond business. For over three decades, the company has been an important participant in the international diamond market with two world-class underground diamond mines in Australia (Argyle) and Canada (Diavik).

Rio Tinto’s diamond sales and marketing activities, headquartered in Antwerp, Belgium, are supported by a network of representative offices in Hong Kong, Mumbai and New York.

Rio Tinto believes in supporting consumer confidence in its diamonds and plays an active role in addressing key industry issues surrounding product integrity and sustainable development. It is a leading supporter of the Kimberley Process, as well as a founding member of the Responsible Jewellery Council and the Diamond Producers Association.

2.2 Chow Tai Fook Jewellery Group Limited (www.chowtaifook.com )
Chow Tai Fook Jewellery Group Limited (Stock Code: 1929) was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011.

The iconic brand “Chow Tai Fook” of the Group has been widely recognised for its trustworthiness and authenticity, and renowned for product design, quality and value. The acquisition of Hearts On Fire, an internationally acclaimed U.S. premium diamond brand, in August 2014 has further underpinned the Group’s stature as a diamond expert in the industry.

The Group boasts an extensive retail network comprising over 2,300 POS of Chow Tai Fook and Hearts On Fire spanning more than 500 cities in Greater China, Singapore, Malaysia, Korea and the United States, as well as a fast growing e-tail network through operating its Chow Tai Fook e-shop and other e-tail accounts on major online shopping platforms.

The Group’s sophisticated vertically integrated business model provides it with an effective and tight control over the entire operation chain from raw material procurement, design, production, to marketing and sales through its extensive distribution channels.

3.      About the Honoured Partners
3.1 Shanghai Diamond Exchange (www.cnsde.com)
Authorised by the State Council, the Shanghai Diamond Exchange (SDE) is the only diamond exchange in China and provides diamond dealers a fair and safe transaction venue under close supervision. It also enjoys a favourable taxation policy and is operated in accordance with international best practices of the diamond industry.

Established in 2000, the SDE is a non-profit, self-regulating membership organisation and a member of the World Federation of Diamond Bourses.

3.2 The Guangdong Gems & Jade Exchange (http://en.gdgje.com/)
Founded in February 2016, the Guangdong Gems & Jade Exchange is one of two provincial jewellery trading platforms authorised by the People’s Government of Guangdong Province.

Aggregating resources from key industrial hubs across Guangdong including Guangzhou, Pingzhou of Foshan, Yangmei of Jieyang and Sihui of Zhaoqing, the Guangdong Gems & Jade Exchange joins hands with world-renowned jewellery brands in setting up an international supply chain integrated service platform that offers a secure and convenient trading experience for domestic and overseas jewellers.

The Guangdong Gems & Jade Exchange is set to benefit China’s jewellery industry in a variety of areas, such as the promotion of a healthier and more balanced international division of labour, foreign trade development, cross-border resource management and consumer market growth. As part of this effort, it will take full advantage of the base and influence of Guangdong’s jewellery industry and the benefits stemming from the Belt and Road Initiative to establish linkages with national and global gemstone and jewellery markets.

3.3 The Guangdong Land Holdings Limited (www.gdland.com.hk)
The Guangdong Land Holdings Limited (GDLAND), with its headquarters in Hong Kong, is listed on The Stock Exchange of Hong Kong Limited, and is a subsidiary of GDH Limited, which is Guangdong Province’s largest conglomerate operating outside Mainland China.

The principal business of GDLAND is property development and investment, including but not limited to the development and operational management of the innovative commercial real estate, urban complex and industrial business complex. As the strategic arm of GDH Limited, GDLAND engages in the business development of commercial real estate, as well as the projects of urban and industrial complex.

GDLAND’s flagship project, namely the “Buxin Project”, is planned to become the biggest and most advanced jewellery mart in the world, including a large-scale jewellery trading and exhibition centre along with other facilities, with a lot size of over 87,000 square metres and the construction scale (floor area) is expected to be more than 700,000 square metres. The Buxin Project, which is located in the Buxin area of Luohu district in Central Shenzhen, close to the Shuibei Gold and Jewellery Base, is expected to develop the area into one of the most influential gold and jewellery trading and exchange platforms in China and around the world.

4.      About UBM Asia (www.ubmasia.com)
Owned by UBM plc listed on the London Stock Exchange, UBM Asia is the largest trade show organiser in Asia and the largest commercial organiser in China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global presence in 24 major cities with 32 offices and 1,300 staff.

With a track record spanning over 30 years, UBM Asia operates in 19 market sectors with 230 events, 28 targeted trade publications, 18 round-the-clock online products for over 2,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world. We provide a one-stop diversified global service for high-value business matching, quality market news and online trading networks.

UBM Asia has extensive office networks in China, Southeast Asia and India, three of the world’s fastest growing B2B events markets. UBM China has 12 offices in the major cities in mainland China, including Beijing, Shanghai, Guangzhou, Hangzhou, Guzhen and Shenzhen, where we organise 90 events. In ASEAN, UBM Asia operates from its offices in Malaysia, Thailand, Indonesia, Singapore, Vietnam and the Philippines with 70 events in this region. UBM India teams in Mumbai, New Delhi, Bengaluru and Chennai organise over 20 events every year across the country.

UBM Asia was awarded ‘Asia’s Most Reliable Trade Show Organizer Award’ in Hong Kong’s Most Valuable Companies Awards (HKMVCA) 2016.

Photo – http://photos.prnasia.com/prnh/20170116/8521700281
Logo – http://photos.prnasia.com/prnh/20170116/8521700281LOGO
Logo – http://photos.prnasia.com/prnh/20150730/8521504987LOGO

Source: JNA
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Written by asiafreshnews

January 17, 2017 at 2:32 pm

Posted in Uncategorized

DHL eCommerce launches new fulfillment center in Australia for simpler, less costly deliveries nationwide

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— New facility in Sydney, Australia offers flexible, fully-integrated cross-border shipping, inventory management and last-mile delivery for e-commerce retailers
— Australia the latest to join DHL’s network of “plug-and-play” Fulfillment Centers, designed to make cross-border expansion quick and easy

SYDNEY /PRNewswire/ — DHL eCommerce, a division of the world’s leading logistics company, Deutsche Post DHL Group, today announced the launch of its Australian Fulfillment Center in Sydney to support booming purchase volumes amongst Australia’s online shoppers.

The nuts and bolts of e-commerce
The nuts and bolts of e-commerce

 

“Nearly 75% of total online spending by Australians goes to domestic retailers,[1] with the value of e-commerce purchases expected to grow by nearly 50% between now and 2020,[2]” said Damien Sheehan, Managing Director Australia, DHL eCommerce. “As demand rises, online retailers need to overcome the traditional problems associated with shipping orders Australia-wide – particularly the significant distances between major cities that they need to traverse – if they want to maintain their competitive edge.”

“The addition of our Australian Fulfillment Center gives our customers a far simpler, streamlined approach to managing inventory and last-mile deliveries, allowing them to focus squarely on satisfying their customers both during the check-out and shipment process.”

The fulfillment center will provide Australian merchants with fast, flexible shipping that consolidates inventory management and last-mile delivery from Sydney to major cities and regional hubs around Australia. The center also operates on the same service level agreements, management platforms, and customer support as all other parts of DHL eCommerce’s global fulfillment network, allowing Australian e-tailers to expand their sales into markets like the US, Mexico, Hong Kong, India and Europe with minimal onboarding time and hassle.

“E-commerce has gone borderless, and order fulfillment needs to do the same,” says Charles Brewer, CEO DHL eCommerce. “Our Australian facility adds another node to our standardized global network of fulfillment centers, eliminating the need for e-commerce merchants to hunt for new logistics partners as they look to expand their global reach.”

The center’s design accommodates front-end integration with a range of popular marketplace and web-shop platforms, as well as multichannel order management and last-mile solutions for immediate and highly-accurate deliveries all across Australia. All of the center’s services operate on a pay-per-use model with no capital spend or fixed costs.

“With cross-border e-commerce growing at an average of 29% per year until 2020,[3] cost-efficiency and scalability are the critical issues for Australia’s online retailers,” said Malcolm Monteiro, CEO Asia Pacific, DHL eCommerce. “Whether it’s extending into new channels, offering more delivery options, or simply increasing inventory and warehouse capacity, Australian brands need fulfilment solutions that keep the operations lean no matter the delivery distances and volumes involved.

“Australian e-tailers will find our latest fulfillment center offers them not only a simplified approach to nationwide inventory and last-mile delivery, but also a gateway to rapid and painless global expansion.”

Learn more: https://www.logistics.dhl/sg-en/ecommerce/fulfillment.html

– End –

Media Contact:

DHL eCommerce
Media Relations
Cheryl Han / Monica Ng
Phone: +65 6879 8012 / +65 6879 8011
Email: cheryl.han@dhl.com / monica.ng@dhl.com

http://www.dhl.com.au/en/press.html

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 healthcare, 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.

[1] http://business.nab.com.au/online-retail-sales-index-in-depth-report-january-2015-9980/

[2] https://www.accenture.com/t20160830T101949__w__/cn-en/_acnmedia/PDF-29/Accenture-Cross-Border-Ecommerce.pdf

[3] https://www.accenture.com/t20160830T101949__w__/cn-en/_acnmedia/PDF-29/Accenture-Cross-Border-Ecommerce.pdf

Logo – http://photos.prnasia.com/prnh/20150811/8521505246LOGO
Photo – http://photos.prnasia.com/prnh/20170111/8521700193

Source: DHL eCommerce

Written by asiafreshnews

January 17, 2017 at 2:22 pm

Posted in Uncategorized

DHL eCommerce Launches Fulfillment Center in Sydney to Enable International Brands to Reach the Australian Consumer

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— New facility in Sydney, Australia offers flexible, fully-integrated inventory management and last-mile delivery for international brands and retailers
— DHL eCommerce “Plug-and-play” system allows retailers to scale globally, quickly and easily

SYDNEY  /PRNewswire/ — DHL eCommerce, a division of the world’s leading logistics company, Deutsche Post DHL Group, today announced the launch of its Fulfillment Center in Sydney, Australia to support booming demand for overseas goods amongst Australia’s online shoppers. International brands and retailers are now able to reach out to the rapidly growing Australia market.

The nuts and bolts of e-commerce
The nuts and bolts of e-commerce

 

“Australian shoppers are the second-most likely in the world to buy online from overseas merchants1, and the significance of their purchasing power will only increase as cross-border e-commerce grows at an average of 29% per year until 20202,” said Damien Sheehan, Managing Director Australia, DHL eCommerce. “Online retailers need to overcome the traditional problems associated with overseas expansion — finding new suppliers in each market, delivering shipments within days not weeks, and keeping costs in check — if they want to stay competitive in this borderless future.”

“The launch of our Australian Fulfillment Center gives our customers immediate access to one of the world’s most mature and fastest growing e-commerce markets, with the scalability and quality needed to reach Australia’s highly savvy online shoppers.”

The Fulfillment Center will provide overseas merchants with fast, flexible shipping that integrates inbound freight, inventory, and last mile delivery in a single consolidated service. The center also operates using the same service level agreements, management platforms, and customer support as all other parts of DHL eCommerce’s global Fulfillment network, allowing existing customers to expand their sales into Australia with minimal onboarding time and hassle.

“E-commerce has gone borderless, and order fulfilment needs to do the same,” says Charles Brewer, CEO DHL eCommerce. “Our Australian facility adds another node to our standardized global network of Fulfillment Centers located in US, Mexico, India, Hong Kong and Central Europe, eliminating the need for e-commerce merchants to hunt for new logistics partners as they look to expand their global reach.”

The center’s design accommodates front-end integration with a range of popular marketplace and web-shop platforms, as well as multichannel order management and last-mile solutions for immediate and highly-accurate deliveries all across Australia. All of the center’s services operate on a pay-per-use model with no capital spend or fixed costs.

“The value of Australian e-commerce sales is expected to grow by nearly 50% between now and 2020, making cost-effectiveness and scalability the critical issues for online retailers in the country,” said Malcolm Monteiro, CEO Asia Pacific, DHL eCommerce. “Whether it’s extending into new channels, offering more delivery options, or simply increasing inventory and warehouse capacity, global brands need fulfilment solutions that can adapt to their needs without requiring hands-on intervention every time a change occurs.”

“Global e-tailers can access our latest fulfillment center for simplified nationwide inventory and last-mile delivery and also as part of a rapid and painless global expansion.”

Learn more: https://www.logistics.dhl/sg-en/ecommerce/fulfillment.html

— End —

Media Contact:

DHL eCommerce
Media Relations
Cheryl Han / Monica Ng
Phone: +65 6879 8012 / +65 6879 8011
Email: cheryl.han@dhl.com / monica.ng@dhl.com

http://www.dhl.com/en/press.html

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 healthcare, 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.

Photo – http://photos.prnasia.com/prnh/20170111/8521700193
Logo – http://photos.prnasia.com/prnh/20150811/8521505246LOGO

Source: DHL eCommerce

Written by asiafreshnews

January 17, 2017 at 12:19 pm

Posted in Uncategorized

CPhI: Pharma in South East Asia wins through Innovation, M&A, JVs and strategic Partnerships to spur Markets Integration

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AKARTA /PRNewswire/ — Over the last 10 years South East Asia (SEA) pharmaceutical markets have been developing rapidly (6% – 10% yoy) and are expected to deliver remarkable future growth. Indonesia is the largest market in the region, followed by Thailand, the Philippines, Vietnam, Malaysia, and Singapore.  A member of the G20 and with a population of 250m people, Indonesia represents almost 40% of the SEA’s economic output and the largest pharma manufacturing base in the entire region, although the country has more than 95% dependency on imports of pharma ingredients.

Research
Research

 

Concurrently, governments across SEA have been introducing universal healthcare programs. This is driving rising demand for all categories of medicines, especially generic drugs. Since launching its mandatory healthcare coverage program (JKN) in 2014, Indonesia’s government healthcare spending has increased by 4%, and reached USD 7.8 billion in 2016.

Nevertheless, success in the region will be fully achieved only if the strengths of the countries will be integrated and combined in a network of business partnerships, JVs, M&A that spur innovation, the development of high margin drugs, enhance markets penetration and ultimately create value over the board.

These factors have contributed to the success of CPhI SEA, the only trade exhibition dedicated to the pharma industry in the region. Held at Jakarta International Expo during March 22-24, 2017, CPhI SEA offers unparalleled content in a highly focused conference and additional features ranging from the South East Asian distributors’ forum, the packaging forum, the innovation gallery and the investment forum. View the full conference program here.

Don’t miss the opportunity to be part of the change, register here and join the event and its business matchmaking program!

The CPhI series of events drives growth and innovation in the global pharmaceutical industry, with leading exhibitions and online communities covering every step of the supply chain from drug discovery to finished dosage.

More than 100,000 visitors meet over 6,000 exhibitors at events in Europe, China, India, Japan, South East Asia, Russia, Brazil, Istanbul and Korea every year to exchange ideas, form alliances and conduct business on an international scale. CPhI also provides an online buyer & supplier directory at CPhI-Online.com.

Government supporters : Ministry of Health, Ministry of Industry, Indonesia Investment Coordinating Board, National Agency for Drug and Food Control

Trade and Professional Organization Supporters : Indonesian Pharmaceutical Association –GP Farmasi Indonesia, Pharma Materials Management Club –PMMC, International Pharmaceutical Manufacturers Group –IPMG, International Society for Pharmaceutical Engineering –ISPE, Indonesian Pharmacists Association –IAI

Regional Supporters: Pharmaceutical Society of Singapore (PSS), Pharmaceutical Research and Manufacturers Association (PReMA) –Thailand, Malaysian Association of Pharmaceutical Suppliers (more to come)

Contact Person: Ivan Ferrari
Phone Number: +62 21 2930 5959
Email: ivan.ferrari@ubm.com

Source: CPhI SEA

Written by asiafreshnews

January 17, 2017 at 11:59 am

Posted in Uncategorized

New Portfolio of Colour Printers Improves Productivity, Allows Companies to Benefit from OKI’s Latest LED Printer Technology

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-New OKI colour range puts high quality print and big functionality within reach of all

SINGAPORE /PRNewswire/ — OKI Singapore today launched a new range of colour printers and multifunction printers (MFPs). This latest range is set to transform the way printers are used within businesses of every size — from home and small offices to large enterprises.

The OKI MC573dn
The OKI MC573dn

 

“The new portfolio is designed to change perceptions of what a printer can do for local businesses and organisations. We are encouraging customers to take a fresh look at the potential of these affordable devices to help them build their brand, save time and money and enhance productivity. Our new printers can also help develop a streamlined and secure document management workflow, enabling customers to enjoy the benefits of a digital organisation,” says Cheang Mun Pun, business manager for OKI Singapore.

The new models put professional quality colour printing within reach of every business. As a result, it is now possible to print all business needs, in-house and on demand. This saves money, time and storage space, and enables a faster response to market changes.

The launch expands OKI’s printer range, extending smart printing, document management and control, to the desktop. These newest colour printers will enable businesses and other organisations to accelerate their journey to digital by combining smoother workflows, greater productivity and responsiveness, with fantastic colour output and digital solutions.

All devices in the new range include features to improve connectivity, plus there is Gigabit Ethernet to enable the fast transfer of large files across a network. Models MC363dn and MC573dn are compatible with AirPrint by Apple Inc. and all new devices, which also include the C612n, C712n and C833n, are Google Cloud Print 2.0 ready for mobile printing. Optional wireless LAN is also available across the range. Moreover, the new models incorporate the latest security features as standard, including Private Print to help keep confidential documents safe, optional Card Release and Internet Protocol Security (IPSec) compliance.

“This launch marks a major renewal of our colour product range, opening up new market possibilities but also strengthening our reach within core markets,” says Cheang. “We make big-business-capability available to organisations of every size and we added even more functionality across the range to improve productivity, connectivity, security and ease of use.”

Set-up, use and maintenance of the printers is simplified; additionally for models MC363dn andMC573dn, video guidance is available for installation and changing consumables.

Printers that do it all — exceptional colour, smart functionality

The new range begins with the affordable the MC363dn — which alongside the outstanding ProQ2400 print quality, offers incredibly fast speeds for its class and price range on the market. The MC363dn provides duplex copying, faxing, scanning and printing. With OKI, you don’t have to compromise on functionality despite buying a smaller desktop model.

Businesses looking for accelerated growth through digitising and streamlining workflow should consider the MC573dn. This printer comes with 1GB RAM memory for trouble-free printing of graphics-intensive documents, and the multifunctional MC573dn opens up the world of touch-screen technology and smart printing to this price range. The MC573dn‘s customisable 7″ screen and OKI’s smart extendable platform (sXP) enable connection to an existing pull printing fleet or access to document management software, at no extra cost. Both devices possess a powerful new engine resulting in speeds of 30/30 ppm (colour/mono) and 1200 x 1200 dpi print quality.

Solutions for every industry

OKI’s open platform sXP and integrated SENDYS Explorer software means its smart MFPs are ideal for enabling digital workflows across a whole range of industries, for example in healthcare, retail and the professional print market. Small footprint MFPs enable quick and easy scanning of all types of documents at the point of creation, for example, in a clinical office setting or at the point of sale within retail stores.

High Volume Colour for Busy Workgroups

The C612n and C712n in the upper end of the range combine fast production of high-level output with reliability and robust security, all at a surprisingly low cost of ownership. The portfolio also includes an A3 digital LED printer, theC833n, which boasts one of the smallest footprints on the market if not the smallest. Thanks to OKI’s digital LED technology and HD Colour output, the C833n delivers outstanding print quality particularly saturated colours and finer details on an unrivalled range of media, perfect for creative businesses.

For further information about OKI visit www.oki.com/sg/printing

Notes to Editor:

About the MC363dn

  • Print speed: Colour 26ppm, Mono 30ppm
  • First time to print: Colour 9 sec, Mono 8.5 sec
  • Resolution: 1200 x 600dpi
  • Scan resolution: 600 x 600dpi
  • Paper input: Standard tray 250 sheets; Multi-Purpose Tray 100 sheets; optional tray 530 X 1
  • Memory: 1GB RAM + 3GB eMMc
  • Network: Gigabit, IEEE802.11a/b/g/n (optional)
  • USB: 2.0 device X 1; 2.0 host X 1
  • Consumable toner CMY: 1.5K/3K, K: 1.5K/3.5K @ ISO
  • Drum: K 30K/ CMY 20K one-piece
  • Google Cloud Print 2.0 and AirPrint by Apple Inc. compatible

About the MC573dn

  • Speed: 30ppm
  • First time to print: 7.5 seconds
  • Resolution: 1200 x 1200dpi
  • Scan resolution: 600 x 600dpi
  • Paper input: Standard tray 250 sheets; Multi-Purpose Tray 100 sheets; optional tray 530 X 2
  • Memory: 1GB RAM + 3GB eMMc
  • Network: Gigabit, IEEE802.11a/b/g/n (optional)
  • USB: 2.0 device X 1; USB 2.0 host X 2
  • Operation panel: 7″ touch panel
  • Duplex print (standard)
  • Consumable toner CMY: 3k/6k, K: 3.5K/7K @ISO
  • Drum: 30K CMYK separate
  • Mobile: Google Cloud Print 2.0; AirPrint by Apple Inc. compatible
  • Open API
  • SENDYS Explorer LITE

About the C612n

  • Print speed: Colour 34ppm, Mono 36ppm
  • First time to print: Colour 9 sec, Mono 8 sec
  • Resolution: 1200 x 600dpi
  • Paper input: Standard tray 300 sheets; optional tray 530 x 2
  • Memory: 256MB RAM; Option RAM 256MB/512MB
  • Network: Gigabit, IEEE802.11a/b/g/n (optional)
  • Consumable toner CMY: 6K; K: 8K
  • Drum CMYK 30K
  • Google Cloud Print 2.0

About the C712n

  • Print speed: Colour 34ppm, Mono 36ppm
  • First time to print: Colour 9 sec, Mono 8 sec
  • Resolution: 1200 x 600dpi
  • Paper input: Standard tray 530 sheets; optional tray 530 x 2
  • Memory: 256MB RAM; Option RAM 256MB/512MB
  • Network: Gigabit, IEEE802.11a/b/g/n (optional)
  • Consumable toner CMY: 11.5K; K: 11K
  • Drum CMYK 30K
  • Google Cloud Print 2.0

About the C833n

  • Print speed: 35ppm (A4 colour/mono) / 20ppm (A3 colour/mono)
  • First time to print: 9 sec
  • Resolution: 1200 x 600dpi
  • Paper input: Standard tray 300 sheets; optional tray 535 X 3
  • Memory: 256MB RAM; 768MB maximum RAM
  • Network: Gigabit, IEEE802.11a/b/g/n (optional)
  • Consumable toner CMYK: 10K @ISO
  • Drum 30K CMYK
  • Google Cloud Print 2.0

About OKI Data Corporation

OKI DATA CORPORATION is part of the OKI Electric group of companies operating as an independent company since 1994 and has operations across 100 countries around the world, including manufacturing sites in Fukushima, Japan, Thailand, UK and China.

OKI Data is a manufacturer and provider of a wide range of award winning printers and printing solutions, from high-performance, high definition colour printers for desktop publishing and creative industries to printers and multifunction printers for general office use. OKI Data prides itself in developing innovative printing technology that addresses the specific challenges of a business customer, saving time and money, improving their customer satisfaction and delivering value to their business all through cutting-edge printing technology.

About OKI Data Singapore

OKI was first established in Singapore in 1981. Today, OKI Data Singapore manages operations within Southeast Asia and has local sales offices in Malaysia, Singapore and Thailand, operations in Hong Kong, Indonesia, Philippines and Vietnam, as well as manufacturing facilities in Thailand. OKI Data Singapore is a division of OKI Data Corporation, the global printer business unit of the OKI group and subsidiary of OKI Electric Industry Co. Ltd. in Japan.

Visit www.oki.com/sg/printing for further information.

For further information, please contact:

Oscar Tan
Marketing and Communications Manager, Southeast Asia & Hong Kong
OKI Data (Singapore) Pte Ltd
Phone (Office): (65) 6221 3722
Email: odsp-press@oki.com

Photo – http://photos.prnasia.com/prnh/20170112/8521700223
Logo – http://photos.prnasia.com/prnh/20170112/8521700223LOGO

Source: OKI Data Singapore
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Written by asiafreshnews

January 17, 2017 at 11:02 am

Posted in Uncategorized

Quarz Capital Management, Ltd. Sends Open Letter to International Healthway Corporation to Engage on the Proposals to Unlock a Total Potential Return of >40% in IHC’s Share Price through the Sale of Non-Core Assets and Refocus on Key Markets.

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GEORGE TOWN, Cayman Islands /PRNewswire/ — Quarz Capital Management, Ltd. (QCM), an investment manager, today issued a letter urging International Healthway Corporation to take immediate steps to address the severe undervaluation of up to 48% which its share price is trading at to its intrinsic book value.

QCM supports the new Board of Directors nominations at IHC’s EGM on the 23rd of Jan 2017 as the nominees seem to demonstrate diverse skillsets which are highly relevant to IHC. The substantial shareholders backing these candidates also have significant experience and successful track records in real estate development and value creation for shareholders. QCM believes that the newly-energized IHC will be able to rebuild its reputation, regain the trust of investors and leverage on the vast contacts and expertise of the new board and shareholders to expedite on its forward strategy.

QCM recommends IHC to deleverage its balance sheet by REIT – ing and reducing its stake in its Japan nursing home asset to release capital and create a listed asset light platform to grow its management fee income. QCM proposes that the firm focuses its resources and onboards credible partners to expedite on its attractive healthcare development projects. Completed healthcare projects can be injected into the REIT to realize gains and recycle capital for further profit accretive projects.

QCM believes that its proposals can provide the required capital for IHC to commit to its core China and Malaysia healthcare development projects (hospitals, medical suites, service residences) which have the potential to become a multi-year profit growth generator for the company, supported by the strong structural demographic and increasing healthcare expenditure per capita drivers.

As these projects are executed, the valuation of IHC has the potential to rerate strongly to that in line with other established listed healthcare players in the region. Investors will additionally be rewarded by the payout of earnings and the unlocking of capital from IHC’s development projects, asset management fees (REIT) and hospital services.

QCM has delivered the following letter to International Healthway Corporation’s management team, board of directors and other stakeholders.

QUARZ CAPITAL MANAGEMENT, LTD. ISSUES OPEN LETTER TO
THE BOARD OF DIRECTORS OF INTERNATIONAL HEALTHWAY CORPORATION

ALL RECIPIENTS ARE ADVISED TO READ
IMPORTANT DISCLOSURE INFORMATION
AT THE END OF THE ATTACHED LETTER

QUARZ CAPITAL MANAGEMENT, LTD.
CLIFTON HOUSE 75 FORT STREET
GEORGE TOWN I KY1-1108 I GRAND CAYMAN
CAYMAN ISLANDS

13 January 2017

TO ENGAGE ON THE PROPOSALS FOR THE SALE OF IHC’S NON-CORE ASSETS TO UNLOCK CAPITAL AND REFOCUS ON KEY MARKETS
–  POTENTIAL TOTAL UPSIDE OF >40% IN IHC’S SHARE PRICE BY 2018 –

Dear Members of the Board,

Quarz Capital together with its affiliates have built up a position in International Healthway Corp (the “Company“, “Firm“,” “IHC SP” or “IHC“). We believe that IHC is deeply undervalued despite its plethora of valuable assets with significant upside opportunities. The firm’s stock price has substantially underperformed its potential for a prolonged time period due to its overly aggressive asset acquisition strategy, lack of strategic focus and several execution issues.

IHC currently trades with a market cap of SGD 101.0 million[1], at a sharp 48% discount to its intrinsic NAV of SGD 195 million despite its high quality assets. Its flagship 12 nursing homes[2] with 1,458 rooms in Japan are master-leased to reputable operators under long term contracts in excess of 25 years. Rental rates are subjected to periodic reviews with ‘up-only’ rate adjustments allowed. This asset generates a combined resilient annual operating income of ~SGD 13 million[3] and has an estimated value in excess of SGD 362[4] million when conservatively valued at a 20% discount to listed healthcare REITs of similar size in Japan (implied cap rate of 3.6%).

IHC’s Australia properties which have been either earmarked or contracted for sale will potentially deliver another SGD 70 million of net cash flow in the second half of 2017 post resolution of the Crest Fund lawsuit[5]. The company’s Kuala Lumpur 4,725 square meters land bank which is 600 meters away from the sought after prime CBD and retail location of KLCC can be prudently valued at SGD 52 million[6]. IHC’s centrally located Wuxi (China) 165-bed hospital generates an estimated annual operating profit of ~SGD 1 million[7]. The firm intends to develop this into an up to 1,300-bed Class 3A hospital together with the adjacent land bank. IHC has another land bank in Chengdu (China) which is next to a 1,000-bed public hospital. The firm plans to develop the land bank into a specialist rehabilitation and wellness hospital. We conservatively estimate the value of the China assets at a rock bottom price of SGD 30 million. This is in view of PWC’s inability to ascertain IHC’s contracted independent valuation[8] of the China land banks (ex-hospital) at SGD 88 million[9].

Our conservative valuation puts IHC’s asset value at SGD 515 million, which represents an upside of 92% to IHC’s current share price. We are convinced that the key reasons for IHC to trade at a substantial discount to its intrinsic value are:

  • Loss of confidence by shareholders in IHC’s management and Board of Directors. This can be attributed to the severe drop of IHC’s share price in excess of 85% since its listing. IHC’s development projects have all been substantially delayed with no committed execution timeline. The Crest lawsuit has further increased the skepticism on management’s execution capabilities.
  • IHC’s overly aggressive asset acquisition strategy has also resulted in a lack of cash flow to develop its healthcare assets. The higher leverage level has resulted in the firm paying sub-optimally high interest rates versus peers which essentially exhausts most of IHC’s recurring income base. The low cash balance also puts the company in a vulnerable position.
    We are surprised at the lack of active steps taken by the current management to address this shareholder value destructive situation despite the multiple levers at their disposal (such as the partial or full sale of valuable but non-core assets).

In our view, the directors and management team supported by IHC’s founding shareholders have been provided with an extended period of time since the IPO to create value for shareholders with little results. Immediate actions have to be taken to promote the long-term interest of IHC’s shareholders and to address the undervaluation of IHC’s share price.

We are in support of the new Board of Directors nominations at IHC’s EGM on the 23rd of Jan 2017. The EGM is proposed by some of the recent large shareholders to replace the current board of IHC. These nominees seem to demonstrate diverse skillsets in corporate finance, audit, operations, business development, investment and corporate governance which are highly relevant to IHC. They are also backed by the substantial shareholders who have significant experience and a successful track record in the development of real estate projects internationally as well as value creation for shareholders. This expertise is exceptionally relevant to the successful execution of IHC greenfield healthcare asset development projects. We are confident that the newly re-energized IHC will be able to rebuild its reputation, regain the trust of investors and banks, as well as leverage on the vast contacts and expertise of the board and shareholders to expedite on its forward strategy.

We respectfully request the board to consider and implement the following recommendations in 2017- 1H 2018 which we believe will enhance the value of IHC:

  1. REIT – list in Japan (due to the higher valuation) and retain a 10% stake in IHC’s Japan nursing homes asset to release an estimated cash proceeds of up to SGD 325 million. IHC is to be appointed as the asset manager of the REIT (IHC REIT) and grow the REIT’s asset base to increase IHC’s asset management income.
  2. Sale of up to 50% stake in IHC’s KLCC land bank at above SGD 25 million to a JV partner who has the relevant development expertise to jointly develop the land bank with IHC into a medical hub with serviced residences. Stake holding in the project will ensure that the partner’s interest is aligned with IHC to maximize the value of the asset.
  3. Repay and lower the interest rate for a substantial part of the net debt of SGD 320 million with the estimated sales proceeds of up to SGD 420 million (including SGD 70 million of proceeds from the divestment of Australia properties) to lower debt costs.
  4. Utilize the net cash balance of SGD 100 million to fund IHC’s China and Malaysia healthcare development projects.
  5. Consider an IPO of the China healthcare asset in the mid-term to unlock value.
  6. Potentially inject the completed and stabilized China and Malaysia healthcare assets (hospitals, medical suites and service residences) into the REIT to release capital for further profitability accretive healthcare development projects.
    We believe that IHH Berhad (IHH SP) and Parkway Life REIT (PREIT SP) serve as ideal business models for IHC to emulate.
  7. Payout of earnings and unlock capital from healthcare development projects, asset management fees (REIT) and hospital services to reward shareholders.

We are also supportive of the alternative strategy for the full sale of the Japan nursing homes asset to unlock even more financial resources to expedite and focus on the development projects in China and Malaysia.

We are confident that our proposals can provide the required capital for IHC to commit to its core China and Malaysia healthcare development projects which have the potential to become a multi-year profit growth generator for the company, supported by the strong structural demographic and increasing healthcare expenditure per capita drivers.  As these projects are executed, we believe that the valuation of IHC will rerate strongly to that in line with other established listed healthcare players in the region.

We are cognizant and will support IHC if the firm is to conduct a rights raising to strengthen its asset-rich but ‘cash poor’ balance sheet until the inflow of proceeds from the sale of its Australia properties and corporate actions.

We hope that the new board will remember the trust that shareholders have vested in them and communicate a transparent strategy for IHC with strong commitment and clear execution timeline as soon as possible.

We firmly believe that the nomination of new directors and the execution of our proposed strategy will provide a clear pathway to deliver a potential return of at least 40% for all IHC shareholders in the near and mid-term. As shareholders, we look forward in participating in IHC current business and future success.

Sincerely yours,

Mr. Jan F. Moermann
Chief Investment Officer, Quarz Capital Management, Ltd.

Mr. Havard Chi, CFA
Portfolio Manager, Quarz Capital Management, Ltd.

For further information, please contact:
Havard Chi, CFA (hch@quarzcapital.com , +65 9433 3898)

About Quarz Capital Management

Quarz Capital Management, Ltd. is a value oriented and research driven investment advisory firm that seeks to earn above average, long-term returns by identifying value investments across the globe.

www.quarzcapital.com

Important Disclosure Information
SPECIAL NOTE REGARDING THIS LETTER

THIS LETTER CONTAINS OUR CURRENT VIEWS ON THE VALUE OF INTERNATIONAL HEALTHWAY CORPORATION’S SECURITIES AND ACTION THAT INTERNATIONAL HEALTHWAY CORPORATION’S BOARD MAY TAKE TO ENHANCE THE VALUE OF ITS SECURITIES. OUR VIEWS ARE BASED ON OUR ANALYSIS OF PUBLICLY AVAILABLE INFORMATION AND ASSUMPTIONS WE BELIEVE TO BE REASONABLE. THERE CAN BE NO ASSURANCE THAT THE INFORMATION WE CONSIDERED IS ACCURATE OR COMPLETE, NOR CAN THERE BE ANY ASSURANCE THAT OUR ASSUMPTIONS ARE CORRECT. INTERNATIONAL HEALTHWAY CORPORATION ACTUAL PERFORMANCE AND RESULTS MAY DIFFER MATERIALLY FROM OUR ASSUMPTIONS AND ANALYSIS. WE HAVE NOT SOUGHT, NOR HAVE WE RECEIVED, PERMISSION FROM ANY THIRD-PARTY TO INCLUDE THEIR INFORMATION IN THIS LETTER. ANY SUCH INFORMATION SHOULD NOT BE VIEWED AS INDICATING THE SUPPORT OF SUCH THIRD PARTY FOR THE VIEWS EXPRESSED HEREIN. WE DO NOT RECOMMEND OR ADVISE, NOR DO WE INTEND TO RECOMMEND OR ADVISE, ANY PERSON TO PURCHASE OR SELL SECURITIES AND NO ONE SHOULD RELY ON THIS LETTER OR ANY ASPECT OF THIS LETTER TO PURCHASE OR SELL SECURITIES OR CONSIDER PURCHASING OR SELLING SECURITIES. ALTHOUGH WE STATE IN THIS LETTER WHAT WE BELIEVE SHOULD BE THE VALUE OF INTERNATIONAL HEALTHWAY CORPORATION’S SECURITIES, THIS LETTER DOES NOT PURPORT TO BE, NOR SHOULD IT BE READ, AS AN EXPRESSION OF ANY OPINION OR PREDICTION AS TO THE PRICE AT WHICH INTERNATIONAL HEALTHWAY CORPORATION’s SECURITIES MAY TRADE AT ANY TIME. AS NOTED, THIS LETTER EXPRESSES OUR CURRENT VIEWS ON INTERNATIONAL HEALTHWAY CORPORATION. IT ALSO DISCLOSES OUR CURRENT HOLDINGS OF INTERNATIONAL HEALTHWAY CORPORATION SECURITIES. OUR VIEWS AND OUR HOLDINGS COULD CHANGE AT ANY TIME. WE MAY SELL ANY OR ALL OF OUR HOLDINGS OR INCREASE OUR HOLDINGS BY PURCHASING ADDITIONAL SECURITIES. WE MAY TAKE ANY OF THESE OR OTHER ACTIONS REGARDING INTERNATIONAL HEALTHWAY CORPORATION WITHOUT UPDATING THIS LETTER OR PROVIDING ANY NOTICE WHATSOEVER OF ANY SUCH CHANGES. INVESTORS SHOULD MAKE THEIR OWN DECISIONS REGARDING INTERNATIONAL HEALTHWAY CORPORATION AND ITS PROSPECTS WITHOUT RELYING ON, OR EVEN CONSIDERING, ANY OF THE INFORMATION CONTAINED IN THIS LETTER.

FORWARD-LOOKING STATEMENTS

CERTAIN STATEMENTS CONTAINED IN THIS LETTER ARE FORWARD-LOOKING STATEMENTS INCLUDING, BUT NOT LIMITED TO, STATEMENTS THAT ARE PREDICATIONS OF OR INDICATE FUTURE EVENTS, TRENDS, PLANS OR OBJECTIVES. UNDUE RELIANCE SHOULD NOT BE PLACED ON SUCH STATEMENTS BECAUSE, BY THEIR NATURE, THEY ARE SUBJECT TO KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES. FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE OR ACTIVITIES AND ARE SUBJECT TO MANY RISKS AND UNCERTAINTIES. DUE TO SUCH RISKS AND UNCERTAINTIES, ACTUAL EVENTS OR RESULTS OR ACTUAL PERFORMANCE MAY DIFFER MATERIALLY FROM THOSE REFLECTED OR CONTEMPLATED IN SUCH FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF THE FUTURE TENSE OR OTHER FORWARD-LOOKING WORDS SUCH AS “VIEW,” “BELIEVE,” “CONVINCED,” “EXPECT,” “ANTICIPATE,” “INTEND,” “PLAN,” “ESTIMATE,” “SHOULD,” “MAY,” “WILL,” “OBJECTIVE,” “PROJECT,” “FORECAST,” “MANAGEMENT BELIEVES,” “CONTINUE,” “STRATEGY,” “PROMISING,” “POTENTIAL,” “POSITION” OR THE NEGATIVE OF THOSE TERMS OR OTHER VARIATIONS OF THEM OR BY COMPARABLE TERMINOLOGY.

IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE EXPECTATIONS SET FORTH IN THIS LETTER INCLUDE, AMONG OTHER THINGS, THE FACTORS IDENTIFIED IN THE RISK SECTIONS IN INTERNATIONAL HEALTHWAY CORPORATION ANNUAL REPORT FOR THE YEAR ENDED DEC, 2015, PROSPECTUS AND INFORMATION MEMORANDUM FOR ITS MULTICURRENCY MEDIUM TERM NOTE PROGRAMME DATED JAN 2015. SUCH FORWARD-LOOKING STATEMENTS SHOULD THEREFORE BE CONSTRUCTED IN LIGHT OF SUCH FACTORS, AND QUARZ CAPITAL MANAGEMENT IS UNDER NO OBLIGATION, AND EXPRESSLY DISCLAIMS ANY INTENTION OR OBLIGATION, TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED BY LAW.

[1] Share Price of SGD 0.061 (12th Jan 2017)
[2] With 1 building annex
[3] Including property operating expenses, tax and implied asset management fees
[4] SGD/YEN rate of 80.2
[5] IHC disputes that there is no basis to the extra SGD 29 million of loan claimed by the Crest Funds and is defending its position in court. Only IHC’s Australia properties are involved in the lawsuit
[6] Lowest price psf of the last 4 land bank transactions in the vicinity (since 2013), SGD/MYR rate of 3.12
[7] In FY2015
[8] Valuation performed by Savills, Colliers and Jiangsu Zhongda
[9] IHC’s 2015 Annual Report

Source: Quarz Capital Management, Ltd.

Written by asiafreshnews

January 17, 2017 at 10:47 am

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