Fintech PR
Future Investment Initiative (FII) Institute Day 1 – October 29, 2024
The World’s Visionary Leaders Address Humanity’s Challenges
RIYADH, Saudi Arabia, Oct. 29, 2024 /PRNewswire/ — The opening day of the 8th annual Future Investment Initiative (FII) kicked off at the King Abdulaziz International Conference Center, where global leaders, visionary innovators, and influential investors gathered to explore the theme “Infinite Horizons: Investing Today, Shaping Tomorrow.”
Under the leadership of CEO Richard Attias, FII Institute once again showcased its commitment to redefining the future of global investment and innovation, sparking dialogues around critical issues shaping the world. In attendance was Dr. Mustapha Madbouly, Prime Minister, Arab Republic of Egypt and Prime Minister of Pakistan, Shahbaz Sharif.
“The Future Investment Initiative is about breaking traditional boundaries in thinking and expanding the possibilities of human achievement,” said Richard Attias, CEO of FII Institute. “On Day 1, we’ve seen global visionaries layout powerful ideas and strategies that will shape how we address today’s most pressing challenges and open up new horizons for humanity.”
Standout moments from Day 1 of FII8:
- Opening Plenary Session: The day commenced with insightful remarks by Attias, setting the stage for discussions that would bridge investment, innovation, and sustainable development. H.E. Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF), followed with a call to action, urging leaders to harness innovative strategies in the face of global shifts.
- H.E. Yasir Al-Rumayyan introduced the findings of the 2024 FII PRIORITY Compass: providing crucial insights into the evolving landscape of global challenges. The report highlighted urgent priorities such as cost of living, governance and healthcare, urging stakeholders to align their strategies with sustainable development goals. He notes, “At this crucial moment, we stand on the edge of infinite horizons. We have the responsibilities and opportunities to shape a future that invests not only in our economies, but in humanity itself.”
- Board of Changemakers: Geoeconomics: A distinguished panel, including BlackRock’s Laurence Fink, Moderna’s Stephane Bancel, Hong Kong Exchanges and Clearing Limited Laura Cha, Citadel’s Ken Griffin, Sanofi’s Paul Hudson, Google’s Ruth Porat, HSBC’s Former Group CEO Noell Quinn, Facebook’s Co-founder Eduardo Saverin, Former CEO & Chairman, Google KBE Dr. Eric Schmidt, The Blackstone Co-Founder and Chairman, Stephen Schwarzman and Carlye Chairman and FII Institute Secretary of the Board, David Rubenstein discussed the rising influence of the Global South, technological disruptions, and the need for novel economic systems to support sustainable global progress
- Special Conversation on Energy: H.R.H. Prince Abdulaziz bin Salman Al Saud highlighted Saudi Arabia’s leading role in the energy transition, emphasizing sustainable energy development as critical to achieving net-zero targets worldwide.
- Second Board of Changemakers: Banking & Investment: Industry titans, including H.E. Dr. Muhammad Al Jasser, Chairman, Islamic Development Bank (IsDB) Group; Tony O. Elumelu, Chairman, United Bank for Africa (UBA) Group; Founder, Tony Elumelu Foundation; Jane Fraser, CEO, Citi; Jenny Johnson, President & CEO, Franklin Templeton; Ron O’Hanley, Chairman & CEO, State Street Corporation; Ted Pick, CEO, Morgan Stanley; Marc Rowan, Co-Founder & CEO, Apollo Global Management; Harvey M. Schwartz, CEO, Carlyle; Neil Shen, Founding & Managing Partner, HongShan; David Solomon, Chairman & CEO, Goldman Sachs; Makoto Takashima, Chairman of the Board, Sumitomo Mitsui Banking Corporation; and Bill Winters, Group CEO, Standard Chartered analyzed the changing dynamics in financial management, emphasizing adaptability in the face of evolving economic conditions and geopolitical factors.
- Titan of Industry – TikTok CEO Shou Chew captivated audiences with insights into the impact of social media and digital platforms on global community-building, creativity, and cultural exchange, moderated by Richard Attias. Chew said “TikTok has more than a billion users now. It’s not just an app for young people but caters to everyone. It is not just about entertainment, but community, heritage, culture and arts.”
- Launch of the AI Inclusive Initiative: A global pledge aimed at ensuring inclusive AI deployment in emerging markets. This initiative brings together tech companies, knowledge partners, government policymakers, and the private sector. Funding will be deployed to projects in Emerging Markets. FII Institute 19 Knowledge Partners will be providing expertise and capacity-building support.
- Third Board of Changemakers on AI: Future of AI including CEOs such as Shou Chew, CEO, TikTok; Jack Hidary, CEO, SandboxAQ; Benjamin Horowitz, Co-Founder & General Partner, Andreessen Horowitz; Travis Kalanick, CEO, CloudKitchens; Ruth Porat, President & CIO, Alphabet & Google; Jay Puri, Executive Vice President of Worldwide Field Operations, NVIDIA; Dr. Eric Schmidt, Founder & CEO, Schmidt Family Foundation; Co-Founder, Schmidt Sciences; Former CEO & Chairman, Google focused on significant advancements in AI technologies over the past year, including breakthroughs in areas such as generative AI. The session also addressed the dual-edged impact of AI on employment. The conversation turned to the ethical challenges posed by AI, such as algorithmic bias, privacy concerns, and the implications of AI in decision-making processes.
- A Special Discussion on The Future of AI with Elon Musk left FII8 guests with key insights on how AI should prioritize the well-being of humanity. He emphasized, “Going Forward, we need AI that loves humanity, which is why xAI was created. It seeks the best interests of humanity” promoting a future where these technologies serve to uplift and enhance the human experience.
- Announcement: Today, 12 financial and non-financial announcements were made all centered around the theme of investing in impactful solutions for humanity. These announcements highlight a commitment to fostering positive change across various sectors, emphasizing sustainable development, and innovation.
As FII8 progresses during the week, the Institute will convene deeper discussions on fostering collaboration, responsible investment, and bold new solutions that transcend conventional boundaries, all in pursuit of a sustainable and prosperous future for all.
About FII Institute
The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.
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Fintech PR
PingPong Partners with China’s Largest Trade Fair to Empower Global Businesses finding High-Quality Supply Chains
GUANGZHOU, China, Oct. 30, 2024 /PRNewswire/ — PingPong, one of the leading global cross-border payments platforms for businesses, is proud to officially announce its role as the cooperative partner of the ‘Trade Bridge’, a trade promotion initiative during the 136th Canton Fair. The multi-day event will feature over 30,000 global companies exhibiting goods, and host more than 130,000 global buyers from over 200 countries and regions.
As a cooperative partner of the Canton Fair’s “Trade Bridge” initiative, PingPong has leveraged its global ecosystem to bring over 300 buyers to the event from around the world, particularly Thailand, Indonesia, South Korea and Vietnam. These buyers can easily connect with top Chinese sellers and screen suppliers, facilitating global trade corridors.
PingPong has also created a platform to match Chinese merchants with high-quality global buyers, facilitating 1-on-1 meetings to support both buyer and seller needs. Additionally, PingPong is hosting three online and offline procurement matchmaking events, opening new opportunities for global expansion.
Earlier this year, Canton Fair’s Trade Bridge signed a comprehensive strategic partnership with PingPong to utilize its global ecosystem to help Chinese businesses expand internationally.
Jianqin Shu,Partner and General Manager of SMB Business Group at PingPong said, “At this year’s Canton Fair, we’ve mobilized local teams, partners, and buyers from around the world, including Vietnam, South Korea, Indonesia and Thailand, forming a delegation of hundreds to meet face-to-face with trade companies. This shows PingPong’s value is more than just in payments, it is a global ecosystem of buyers and sellers. In September, we also led an industry summit in Vietnam with over 4,000 attendees to help businesses access global markets. Going forward, we will continue expanding our network to more countries and regions, offering valuable connections and fostering growth for merchants on our platform.”
One of PingPong’s clients is Thai buyer Sumin Tunpeiroh, who is also a representative at the event. He hopes to source new steel grinding machines for next year’s sales, commenting, “PingPong built an excellent platform, allowing us to engage directly with top companies and discover the newest products.”
PingPong will continue to facilitate trade connections during the second and third phases of the 136th Canton Fair, focusing on matching buyers from Thailand and South Korea with high-quality Chinese suppliers. And PingPong also invited top Vietnamese influencer ZhuZhu and leading Thai beauty blogger PeePee to livestream their exhibition experiences during the fair. These livestreams create in-depth opportunities for foreign trade businesses to connect with international influencers, opening a window to overseas markets and consumers, and helping businesses transform in the digital trade era.
About PingPong
PingPong was founded in New York in 2015, with the goal of solving the immense challenge of scaling enterprise businesses globally. Fast forward to today, and PingPong has become one of the world’s leading global cross-border payments platforms, processing more than $200 billion USD. Our API-first cross-border payments platform integrates with enterprises to send, manage, and receive money faster on a global scale.
PingPong currently has 30 offices spanning 11 countries, with over 1000 employees. Our international presence helps businesses solve complex payment needs in every major economy across all time zones.
About Canton Fair:
As a comprehensive international trading event with the longest history, the largest scale, the most complete exhibit variety, the largest buyer attendance, the most diverse buyer origin and the greatest business turnover in China, Canton Fair is hailed as China’s No.1 Fair and the barometer of China’s foreign trade.
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Fintech PR
PROJECT GRAND (UK) PLC ANNOUNCES THE PRICING OF A PRIVATE PLACEMENT OF ITS €50,000,000 9.000% SUSTAINABILITY-LINKED SENIOR SECURED NOTES DUE 2029
LONDON, Oct. 29, 2024 /PRNewswire/ — Project Grand (UK) Plc (the “Issuer“) a public limited company incorporated and existing under the laws of England and Wales, announced today it has entered into a private placement (“Private Placement“) pursuant to which it intends to issue €50,000,000 in aggregate principal amount of 9.000% Sustainability-Linked Senior Secured Notes due 2029 (the “Notes“), which have the same terms as, and which are expected to be fungible with, its existing 9.000% sustainability-linked senior secured notes due 2029 (the “Existing Notes“), to certain institutional investors. The Private Placement is expected to close on or about November 12, 2024, and is subject to customary closing conditions.
The Notes will initially be issued bearing a temporary ISIN and Common Code during the 40-day period commencing November 12, 2024 (the “Distribution Compliance Period“) prescribed by Regulation S under the U.S. Securities Act of 1933, as amended (“Regulation S“). Following the Distribution Compliance Period, the Notes will become fully fungible with, and have the same ISIN and Common Code as, the Existing Notes sold pursuant to Regulation S.
The Issuer expects to use the net proceeds from the Private Placement (i) for general corporate purposes and (ii) to pay fees and expenses incurred in connection with the Private Placement and the use of proceeds therefrom.
Jefferies International Limited and RBC Europe Limited are acting as placement agents on the Private Placement. They are not advising any other person, nor are they responsible for providing protections afforded to clients of Jefferies International Limited or RBC Europe Limited to any other person, in relation to such transaction.
Jefferies International Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority. RBC Europe Limited is authorised in the United Kingdom by the Prudential Regulation Authority (“PRA“) and regulated by the Financial Conduct Authority and the PRA.
This announcement is not an offer of securities for sale in the United States. The Notes may not be sold in the United States unless they are registered under the U.S. Securities Act of 1933, as amended (the “Securities Act“) or are exempt from registration. The offering of Notes described in this announcement and any related guarantees has not been and will not be registered under the Securities Act, and accordingly any offer or sale of Notes and such guarantees may be made only in a transaction exempt from the registration requirements of the Securities Act. The Notes have been offered in this Private Placement only to outside the United States in accordance with Regulation S under the Securities Act. No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.
This communication is directed only at persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order“), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations, etc.”) of the Financial Promotion Order, (iii) are persons who are outside the United Kingdom (the “UK“), or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000, as amended (the “FSMA“)) in connection with the issue or sale of any Notes may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons“).
Any investment activity to which this communication relates will only be available to, and will only be engaged in with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (the “EEA“). 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 Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II“); (ii) a customer within the meaning of Directive (EU) 2016/97 (as amended or superseded), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a “qualified investor” as defined in Regulation (EU) 2017/1129 (as amended, the “Prospectus Regulation“). Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation“) for offering or selling the Notes or otherwise making them available to retail investors in the EEA will be prepared. Therefore, offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation. Any offer of Notes in any Member State of the EEA will be made pursuant to an exemption under the Prospectus Regulation from the requirement to publish a prospectus for offers of Notes.
The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the UK. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA“); or (ii) a customer within the meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or (iii) not a qualified investor as defined in Article 2 of the Prospectus Regulation as it forms part of domestic law by virtue of the EUWA (the “UK Prospectus Regulation“). Consequently, no key information document required by the PRIIPs Regulation as it forms part of domestic law by virtue of the EUWA (the “UK PRIIPs Regulation“) for offering or selling the Notes or otherwise making them available to retail investors in the UK will be prepared. Therefore, offering or selling the Notes or otherwise making them available to any retail investor in the UK may be unlawful under the UK PRIIPs Regulation. Any offer of Notes in the UK will be made pursuant to an exemption under the UK Prospectus Regulation from the requirement to publish a prospectus for offers of Notes.
MiFID II professionals/ECPs-only – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only each as defined under MiFID II (all distribution channels).
UK MiFIR professionals/ECPs-only – Manufacturer target market (UK MiFIR product governance) is eligible counterparties, as defined in the Financial Conduct Authority Handbook Conduct of Business Sourcebook, and professional clients only, as defined in Regulation (EU) 600/2014 as it forms part of domestic law by virtue of the EUWA (“UK MiFIR“) (all distribution channels).
Forward-Looking Statements
This communication and other written or oral statements made by or on behalf of the Company contains forward-looking statements. In particular, statements using words such as “may,” “seek,” “will,” “likely,” “assume,” “estimate,” “expect,” “anticipate,” “intend,” “believe,” “do not believe,” “aim,” “predict,” “plan,” “project,” “continue,” “potential,” “guidance,” “foresee,” “might,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track,” or their negatives or variations, and similar terminology and words of similar import, generally involve future or forward-looking statements. Forward-looking statements reflect the Company’s current views, plans or expectations with respect to future events and financial performance. They are inherently subject to significant business, economic, competitive and other risks, uncertainties and contingencies. The inclusion of forward-looking statements in this or any other communication should not be considered as a representation by the Company or any other person that current plans or expectations will be achieved. Accordingly, you should not place undue reliance on any forward-looking statement. Forward-looking statement speak only as of the date on which they are made, and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as otherwise required by law.
CONTACT:
Contacts:
Apollo, Rettig
Tero Huovinen
Tel. +358 50 4099 373
[email protected]
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Grand II – Pricing Press Release |
Fintech PR
REALTY ONE GROUP OPENS IN URUGUAY
Now in 22 Countries, the UNBrokerage Continues to Paint the Globe Gold
LAGUNA NIGUEL, Calif., Oct. 29, 2024 /PRNewswire/ — Realty ONE Group International, a modern, purpose-driven lifestyle brand and ONE of the fastest-growing franchisors in the world, is opening in Uruguay, the 22nd country to join the black and gold movement around the globe.
Eugenia Aiello, with 26 years of experience as an independent broker specializing in construction and development, became the International Regional Owner of Realty ONE Group Argentina just last year. She is now partnering with Hernan Bach, also with two and a half decades of commercial experience, to drive innovation in Uruguay’s active real estate market.
“There’s no stopping this high-powered duo as they seize the opportunity for growth in Uruguay,“ said Kuba Jewgieniew, CEO and Founder of Realty ONE Group International. “We’ve proven the success of the Realty ONE Group model and COOLTURE in markets around the world, especially when championed by impassioned entrepreneurs like Eugenia and Hernan.”
Both Aiello and Bach were attracted to Realty ONE Group’s forward-thinking business model and rapid international growth and are eager to invest their sales, business development and leadership experience into helping real estate professionals achieve greater success faster.
“These two dynamic entrepreneurs are poised to leave a lasting mark on the vibrant Uruguay market,” said Danny Hernandez, Vice President of International for Realty ONE Group. “With their infectious energy and shared vision, they are ready to introduce Realty ONE Group’s unique “COOLture” and its empowering “Be Golden Be You” philosophy to our International real estate professionals and reshape the real estate landscape in Uruguay!”
The UNBrokerage, as it’s known in real estate, just surpassed 20,000 real estate professionals worldwide as the brand’s popularity continues to soar because of its 100% commission model and comprehensive offering of business coaching, support, tools and marketing.
Realty ONE Group International claimed the No. 1 spot for real estate franchisors for the third year in a row on Entrepreneur’s highly competitive 2024 Franchise 500® list. The only modern, lifestyle brand in the industry now has more than 20,000 real estate professionals in more than 450 locations in 49 U.S. states, Washington D.C. and 22 more countries and territories.
Learn more at www.OwnAOne.com.
About Realty ONE Group International
Realty ONE Group International is one of the fastest growing, modern, purpose-driven lifestyle brands in real estate whose ONE Purpose is to open doors across the globe – ONE home, ONE dream, ONE life at a time. The organization has rapidly grown to more than 20,000 real estate professionals in over 450 locations across 22 countries and territories because of its proven business model, full-service brokerages, dynamic COOLTURE, superior business coaching through ONE University, outstanding support and its proprietary technology, zONE. Realty ONE Group International has been named the number ONE real estate brand by Entrepreneur Magazine for three consecutive years and continues to surge ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.
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