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Archive for March 16th, 2017

Investor Warning About Third Parties Misusing the Woori Bridgewater Brokerage Name

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HONG KONG /PRNewswire/ — We have been made aware of unauthorized telephone calls and emails using our trading name Woori Bridgewater Brokerage.

This has been done by cloning our website with a similar but different domain; the website has now been taken down, however the threat of Internet phishing may still exist.

These individuals were soliciting lending and investment activities and also pursuing debt repayment. Please be aware that Woori Bridgewater Brokerage is not affiliated with any other domain. Our company URL has always been www.wbbmanagement.com.

Individuals will use the name of Woori Bridgewater Brokerage and names sounding similar to confuse investors. If you have been contacted or are aware of any misuse of the company, please feel free to contact us directly at investor.warnings@wbbmanagement.com

About Woori Bridgewater Brokerage

We were founded in 2011, and are strategically positioned with our retail private client services based in Toronto, Canada and our corporate trading division in Seoul, South Korea.

With over a decade of experience working within the markets at a global level, we now effectively manage over $5.25 billion in assets for approximately 5000 clients worldwide.

Media Contact: Mr. Wayne Price | Research Director | Woori Bridgewater Brokerage
Email: wayne.price@wbbmanagement.com
Switchboard: +1 647 946 8305
Website: https://wbbmanagement.com

Source: Woori Bridgewater Brokerage

Written by asiafreshnews

March 16, 2017 at 12:26 pm

Posted in Uncategorized

Golden Meditech Announces the Condition to the Voluntary Conditional Cash Offer Has Been Satisfied

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HONG KONG /PRNewswire/ — Golden Meditech Holdings Limited (SEHK stock code: 00801, TWSE stock code: 910801) (“Golden Meditech” or the “Company”), a leading integrated healthcare enterprise in China, today announced that the shareholding ratio condition to the voluntary conditional cash offer made by Mr. Kam Yuen, the Chairman, executive director and controlling shareholder of the Company, through his controlled company — Magnum Opus 3 International Holdings Limited (“MO3”) has been satisfied, as a result, the voluntary conditional cash offer is now unconditional.

As of today, valid acceptances of the cash offer have been received in respect of 460,817,868 shares (representing approximately 15.54% of the issued share capital and voting rights of the Company). Consequently, together with the abovementioned share offer acceptances, MO3 and its concert parties would hold an aggregate of 1,579,087,394 shares, representing approximately 53.24% of the issued share capital and voting rights of the Company.

The cash offer will remain open for acceptance until the final closing date, which is at 4 p.m. on 10 April 2017. Shareholders of the Company who wish to accept the offer are advised to complete the relevant procedures on or before the final closing date.

Details of the acceptance of the voluntary conditional cash offer have been published by the Company in accordance with the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited and posted on the Company’s website as follows: http://www.goldenmeditech.com/eng/ir/announcements.php

About Golden Meditech Holdings Limited (SEHK stock code: 00801, TWSE stock code: 910801)

Golden Meditech (www.goldenmeditech.com) is a leading integrated-healthcare enterprise in China. It is a first-mover in China, having established its dominant positions in several markets including the medical devices market, the cord blood storage market and the hospital management market in the healthcare industry, thanks to its strengths in innovation and market expertise and the ability to capture emerging market opportunities. Going forward, Golden Meditech will continue to pursue a leading position in China’s healthcare industry both through organic growth and strategic expansion.

Source: Golden Meditech Holdings Limited

Written by asiafreshnews

March 16, 2017 at 12:01 pm

Posted in Uncategorized

The United States Media Landscape White Paper from PR Newswire Reveals 57% of Americans Still Prefer to Get News from Television

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SINGAPORE /PRNewswire/ — As more Americans consume news online, news organizations in the United States (U.S.) are reallocating their resources and expanding their services to cater to the needs of their customers. The media landscape white paper released by PR Newswire for the U.S. market contains latest findings on the various types of media frequently used by Americans and their news reading habits. The white paper will be useful for companies that are expanding into the U.S. or wanting to establish a stronger branding in the market. The white paper is now available for download.

PR Newswire releases The United States Media Landscape White Paper.
PR Newswire releases The United States Media Landscape White Paper.

 

Here are some key findings on Americans’ news reading habits:

57% of Americans still prefer to get news from the television

  • Despite the popularity of digital media where information is widely available, television is still the dominant channel for Americans to consume news.
  • The top three television news channels are Fox, CNN and MSNBC. In 2015, the total viewership for these channels increased by seven percent to two million viewers.
  • Television is one of the media channels for companies to target the older generation.

Newspaper readers prefer to consume news on the Internet  

  • The U.S. newspaper circulation has been on a downward trend since 2010 as news readers prefer to read news from the Internet. Thus, many newspaper agencies digitize their business model by providing paid online subscriptions to reach out to new audience. Some even use social widgets like Facebook as a visual storytelling tool to engage young readers and to increase their exposure digitally.
  • The top three influential online news media are Yahoo News, The Huffington Post and Fox News.
  • The Wall Street Journal, The New York Times and USA Today are the top three newspaper publications that still have key influence over how Americans learn about world affairs.

Social networking sites have become one of the news sources for Americans

  • 62% of Americans use social media to get news, a substantial increase from 47% in 2012. During the U.S. presidential election in 2016, 44% of Americans, as compared to 17% in 2012, relied on social media for the latest updates.
  • Facebook is the top social networking site followed by Blogger, LinkedIn and Twitter.
  • Twitter dominates the microblogging industry in the U.S. and is the fastest news dissemination channel for bite-sized news.

Download the white paper now and subscribe to our newsletter to keep informed of other content and upcoming events.

For more information, please contact:

PR Newswire Asia Pacific Marketing Team
Tel: +852-2572-8228
Email: asia.marketing@prnasia.com

About PR Newswire

PR Newswire, a Cision company, is the premier global provider of news release distribution and multimedia platforms that enable marketers, corporate communicators, public relations practitioners and investor relations professionals to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry in 1954, PR Newswire today provides end-to-end solutions to produce, distribute, target and measure text and multimedia content across traditional, digital, mobile and social channels. Combining the world’s largest multi-channel content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions.

Cision is a leading global media intelligence company, serving the complete workflow of today’s communication professionals.

Photo – http://photos.prnasia.com/prnh/20170315/8521701694
Logo – http://photos.prnasia.com/prnh/20160617/8521603993LOGO-d

Source: PR Newswire

Written by asiafreshnews

March 16, 2017 at 11:44 am

Posted in Uncategorized

Spackman Entertainment Group Acquires Frame Pictures

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Frame Pictures is a leading movie/drama equipment leasing player in Korea’s entertainment sector

In line with strategy of making acquisitions of related firms in the entertainment sector that complements the Group’s existing core business

Group to continue to aggressively pursue similar strategic acquisitions to develop a more consistent revenue stream

SINGAPORE /PRNewswire/ — Spackman Entertainment Group Limited (“Spackman Entertainment Group” or the “Company” and together with its subsidiaries, the “Group“), one of Korea’s leading entertainment production groups, announced today that it has entered into a sale and purchase agreement with the owner of Frame Pictures Co., Ltd. (“Frame Pictures“) to acquire the entire issued and paid-up share capital of Frame Pictures (the “Proposed Acquisition“).

Frame Pictures is a leading movie/drama equipment leasing business in Korea. The total purchase consideration to acquire Frame Pictures comprises KRW 900 million in cash and 497,250 issued and paid-up ordinary shares of the Company’s 24.53% owned associated company, Spackman Media Group Limited (“SMGL“), representing 1.63% of the total share capital of SMGL.

The total purchase consideration was arrived at following arm’s length negotiations on a willing buyer, willing seller basis and taking into account, inter alia, Frame Picture’s net profit of KRW 875.6 million (approximately US$ 0.79 million) for the full-year financial period ended 31 December 2016 (“FY2016“) and unaudited net tangible asset value of KRW 1.8 billion (approximately US$ 1.61 million) as at 31 December 2016.

Mr. Charles C. Spackman, Executive Chairman & Chief Executive Officer of Spackman Entertainment Group, said, “The acquisition of Frame Pictures is a strong start to our renewed initiative to develop a more consistent and stable revenue stream that is less dependent on the box office performance of our films. Frame has been consistently profitable in recent years, and was looking for opportunities to take its business to the next step. We believe the business of Frame Pictures will benefit significantly from this deal with Spackman Entertainment Group as we will be able to provide access to a wider source of projects for Frame Pictures through our network.  We will continue to aggressively pursue such acquisitions that will add to the consistency of our revenue stream and strategically complement our existing businesses.

Assuming that the Proposed Acquisition had been completed at the beginning of FY2016, the loss attributable to the shareholders of the Company would decrease from US$ 2.2 million to US$ 1.5 million and the net tangible assets of the Group would increase from US$ 11.9 million to US$ 13.4 million as at 31 December 2016.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited (“SEGL” or the “Company“), and together with its subsidiaries, (the “Group“) is a leading entertainment production company that is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. In addition to our film business, we also make investments into entertainment companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.

SEGL’s Zip Cinema Co., Ltd. (“Zip Cinema“) is one of the most recognised film production labels in Korea and has originated and produced some of Korea’s most commercially successful theatrical films, consecutively producing 8 profitable movies since 2009 representing an industry leading track record. Recent theatrical releases of Zip Cinema’s motion pictures include some of Korea’s highest grossing and award-winning films such as MASTER (2016), THE PRIESTS (2015), COLD EYES (2013), and ALL ABOUT MY WIFE (2012). For more information on Zip Cinema, do visit http://zipcine.com

SEGL also owns Novus Mediacorp Co., Ltd. (“Novus Mediacorp“), an investor, presenter, and/or ancillary distributor for a total of 55 films (36 Korean and 19 foreign) including SECRETLY, GREATLY, which was one of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS fame, as well as FRIEND 2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also the ancillary distributor of ALL ABOUT MY WIFE, a top-grossing romantic comedy produced by Zip Cinema. For more information on Novus Mediacorp, do visit  http://novusmediacorp.com

Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. We release all of our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.

We also operate a cafe-lounge called Upper West, in the Gangnam district of Seoul and own a professional photography studio, noon pictures Co., Ltd..

The Company is a 24.53% strategic shareholder of Spackman Media Group Limited (“SMGL“). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, collectively is the leading talent agency and entertainment content production company in Korea, managing over 60 artistes including some of the top names in the Korean entertainment industry. SMGL operates the talent management business through renowned agencies such as MS Team Entertainment Co., Ltd., UAA & Co., Fiftyone K Inc., SBD Entertainment Inc., Kook Entertainment Co., Ltd., and UL Entertainment Co., Ltd.

For more details, do visit http://www.spackmanentertainmentgroup.com/

About Spackman Media Group Limited

Spackman Media Group Limited (“SMGL“), a company incorporated in Hong Kong, together with its subsidiaries, is collectively the largest entertainment talent agency in Korea in terms of the number of artists under management. SMGL manages over 60 artists including some of the top names in the Korean entertainment industry and operates its talent management business through renowned agencies such as MS Team Entertainment Co., Ltd., UAA & Co., Fiftyone K Inc., SBD Entertainment Inc., Kook Entertainment Co., Ltd., and UL Entertainment Co., Ltd.

The company, through its full-service talent agencies in Korea, represents and guides the professional careers of a leading roster of over 60 award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. The company leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows, and TV dramas.

About Frame Pictures Co., Ltd.

Established in 2014 by veteran director of photography, Mr. Kim Jun-young, Frame Pictures has worked with over 25 top directors and provided the camera and lighting equipment for some of Korea’s most notable drama and movie projects including THE LEGEND OF THE BLUE SEA (2016) featuring Jeon Ji-hyeon and Lee Min-ho, as well as VETERAN (2015), the number one movie at the Korean box office in 2015 starring Yoo Ah-in. Frame Pictures also manages a Director of Photography agency and placed its cinematographers in 12 films including ANTIQUE (2008), produced by Spackman Entertainment Group’s indirectly wholly-owned subsidiary, Zip Cinema Co. Ltd. In 2015, Frame Pictures became the first Korean firm to offer 4k resolution post-production services.

Investor & Media Contact

Spackman Entertainment Group Limited
Ms Jasmine Leong
Tel: +65 6694 4175
Email: jasmine.leong@spackmangroup.com

Important Notice

This news release has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor“) for compliance with the Singapore Exchange Securities Trading Limited (the “SGX-ST“) Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this news release.

This news release has not been examined or approved by the SGX-ST. The Sponsor and the SGX‐ST assume no responsibility for the contents of this news release, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this news release.

The contact person for the Sponsor is Ms Keng Yeng Pheng, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.

 

Source: Spackman Entertainment Group Limited

Related stocks: Singapore:40E

Written by asiafreshnews

March 16, 2017 at 10:51 am

Posted in Uncategorized